Slovakia: Market for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft 2024

Market Size for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in Slovakia

The Slovak aircraft internal combustion engine market surged to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a moderate expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Exports of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft

Exports from Slovakia

In 2022, after five years of decline, there was significant decline in overseas shipments of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, when their volume decreased by X% to X units. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine exports declined notably to $X in 2022. Over the period under review, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units), Iran (X units) and Serbia (X units) were the main destinations of aircraft internal combustion engine exports from Slovakia. Moreover, aircraft internal combustion engine exports in Hungary exceeded the figures recorded by the second-largest exporter, Iran, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Serbia (X% per year).

Export Prices by Country

In 2022, the average aircraft internal combustion engine export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft

Imports into Slovakia

In 2022, purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports recorded a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports amounted to $X in 2022. Over the period under review, imports posted moderate growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X units), Germany (X units) and Croatia (X units) were the main suppliers of aircraft internal combustion engine imports to Slovakia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Croatia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (X.5% per year) and Germany (X% per year).

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, declining by X% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Croatia ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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