Aircraft Internal Combustion Engine Market

The global aircraft internal combustion engine market is expected to grow in volume and value terms over the forecast period of 2022-2030. Key trends include a slight increase in market performance with a CAGR of +4.6% for volume and +5.2% for value. Consumption, production, imports, and exports are analyzed to provide insights into market dynamics. The UK, Mozambique, and the United States are highlighted as key consumers and producers in the market. Import and export data show significant growth in exports from Saudi Arabia, Thailand, and Oman. Prices vary by country, with Thailand having the highest export price and Saudi Arabia the lowest.

Market Forecast

Driven by rising demand for aircraft internal combustion engine worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market volume to 718K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $20.5B (in nominal prices) by the end of 2030.

Consumption

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

For the third year in a row, the global market recorded decline in consumption of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, which decreased by -11.8% to 502K units in 2022. In general, consumption recorded a noticeable reduction. As a result, consumption attained the peak volume of 725K units. From 2017 to 2022, the growth of the global consumption remained at a lower figure.

The global aircraft internal combustion engine market size contracted to $13.7B in 2022, which is down by -7.6% 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). Overall, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at $17.5B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Consumption By Country

The UK (311K units) constituted the country with the largest volume of aircraft internal combustion engine consumption, accounting for 62% of total volume. Moreover, aircraft internal combustion engine consumption in the UK exceeded the figures recorded by the second-largest consumer, Mozambique (61K units), fivefold. The third position in this ranking was held by the United States (14K units), with a 2.7% share.

In the UK, aircraft internal combustion engine consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Mozambique (+2.4% per year) and the United States (+19.3% per year).

In value terms, Mozambique ($4.8B) led the market, alone. The second position in the ranking was held by the UK ($2B). It was followed by Oman.

In Mozambique, the aircraft internal combustion engine market increased at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+0.4% per year) and Oman (-4.3% per year).

In 2022, the highest levels of aircraft internal combustion engine per capita consumption was registered in the UK (4.6 units per 1000 persons), followed by Mozambique (1.9 units per 1000 persons), Oman (1.7 units per 1000 persons) and Rwanda (0.7 units per 1000 persons), while the world average per capita consumption of aircraft internal combustion engine was estimated at 0.1 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the aircraft internal combustion engine per capita consumption in the UK was relatively modest. In the other countries, the average annual rates were as follows: Mozambique (-0.5% per year) and Oman (-6.6% per year).

Production

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

After ten years of growth, production of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft decreased by -2.2% to 799K units in 2022. In general, production, however, showed a modest increase. The growth pace was the most rapid in 2016 with an increase of 3%. Over the period under review, global production attained the peak volume at 817K units in 2021, and then dropped in the following year.

In value terms, aircraft internal combustion engine production contracted to $15B in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $16.8B, and then contracted in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were the UK (312K units), Saudi Arabia (296K units) and Mozambique (61K units), together accounting for 84% of global production. Thailand, Oman and Australia lagged somewhat behind, together accounting for a further 7.5%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Oman (with a CAGR of +4.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

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

In 2022, after two years of decline, there was significant growth in purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, when their volume increased by 26% to 56K units. Overall, imports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 84% against the previous year. As a result, imports reached the peak of 115K units. From 2014 to 2022, the growth of global imports failed to regain momentum.

In value terms, aircraft internal combustion engine imports reduced to $1.9B in 2022. In general, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of 38%. Global imports peaked at $5.2B in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports By Country

The United States was the largest importing country with an import of about 17K units, which recorded 29% of total imports. It was distantly followed by Free Zones (4.3K units), Canada (3.4K units) and the UK (2.6K units), together comprising an 18% share of total imports. Spain (2.5K units), Italy (2.5K units), Brazil (1.9K units), Oman (1.8K units), Singapore (1.8K units), South Africa (1.3K units), Germany (1.1K units), the United Arab Emirates (1.1K units) and China (1K units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +10.4% from 2012 to 2022. At the same time, Oman (+54.1%), Spain (+34.1%), Free Zones (+30.4%), Singapore (+16.9%), Canada (+13.6%), Brazil (+11.6%), China (+10.4%), Italy (+6.3%), Germany (+5.0%) and the United Arab Emirates (+3.9%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the world, with a CAGR of +54.1% from 2012-2022. By contrast, South Africa (-10.4%) and the UK (-18.4%) illustrated a downward trend over the same period. The United States (+20 p.p.), Free Zones (+7.1 p.p.), Canada (+4.6 p.p.), Spain (+4.3 p.p.), Oman (+3.2 p.p.), Singapore (+2.5 p.p.), Brazil (+2.4 p.p.) and Italy (+2.3 p.p.) significantly strengthened its position in terms of the global imports, while South Africa and the UK saw its share reduced by -4% and -27.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($387M) constitutes the largest market for imported spark-ignition reciprocating or rotary internal combustion piston engines for aircraft worldwide, comprising 21% of global imports. The second position in the ranking was held by the UK ($82M), with a 4.4% share of global imports. It was followed by the United States, with a 4.4% share.

In Singapore, aircraft internal combustion engine imports expanded at an average annual rate of +1.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+29.6% per year) and the United States (-4.1% per year).

Import Prices By Country

The average aircraft internal combustion engine import price stood at $32,776 per unit in 2022, declining by -28.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 75% against the previous year. Over the period under review, average import prices reached the maximum at $72,688 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($218,836 per unit), while Free Zones ($1,303 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+58.9%), while the other global leaders experienced more modest paces of growth.

Exports

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

In 2022, global exports of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft skyrocketed to 353K units, increasing by 21% against 2021 figures. Over the period under review, exports saw a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 89% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, aircraft internal combustion engine exports skyrocketed to $2.5B in 2022. In general, exports recorded notable growth. The pace of growth appeared the most rapid in 2018 with an increase of 73% against the previous year. Over the period under review, the global exports hit record highs at $4.6B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

Saudi Arabia prevails in exports structure, reaching 288K units, which was approx. 81% of total exports in 2022. It was distantly followed by Thailand (20K units), generating a 5.6% share of total exports. Oman (10K units) and Italy (5.7K units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aircraft internal combustion engine exports from Saudi Arabia stood at +14.8%. At the same time, Oman (+74.3%) and Thailand (+22.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the world, with a CAGR of +74.3% from 2012-2022. By contrast, Italy (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia, Thailand and Oman increased by +24, +3.5 and +2.9 percentage points, respectively.

In value terms, Saudi Arabia ($497M), Thailand ($447M) and Oman ($209M) constituted the countries with the highest levels of exports in 2022, with a combined 47% share of global exports.

Oman, with a CAGR of +37.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average aircraft internal combustion engine export price stood at $7,002 per unit in 2022, surging by 15% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 95%. As a result, the export price attained the peak level of $17,350 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($22,554 per unit), while Saudi Arabia ($1,729 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform