Civil Reaction Engine Market

The global civil reaction engine market is forecasted to experience an upward trend in consumption and value from 2022 to 2030. Key highlights include a slight increase in market performance, with a projected CAGR of +1.6% in volume and +3.3% in value. The UK leads in consumption, while Singapore dominates in production and exports. Significant fluctuations in import and export prices are also evident, with the UK seeing a decline in export prices over the past decade.

Market Forecast

Driven by rising demand for civil reaction 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 +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $7.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Civil Reaction Engines

In 2022, consumption of civil reaction engines decreased by -23.4% to 1M units, falling for the third year in a row after two years of growth. In general, consumption recorded a drastic downturn. As a result, consumption reached the peak volume of 2.2M units. From 2016 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global civil reaction engine market value contracted notably to $5.8B in 2022, waning by -18.2% 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 saw a abrupt contraction. Over the period under review, the global market reached the peak level at $41.3B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The UK (293K units) remains the largest civil reaction engine consuming country worldwide, comprising approx. 29% of total volume. Moreover, civil reaction engine consumption in the UK exceeded the figures recorded by the second-largest consumer, Vietnam (98K units), threefold. The third position in this ranking was held by Egypt (87K units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the UK totaled +1.5%. The remaining consuming countries recorded the following average annual rates of consumption growth: Vietnam (+0.8% per year) and Egypt (+37.7% per year).

In value terms, Germany ($2.1B) led the market, alone. The second position in the ranking was held by Japan ($976M). It was followed by the United States.

From 2012 to 2022, the average annual growth rate of value in Germany totaled -24.5%. The remaining consuming countries recorded the following average annual rates of market growth: Japan (+4.7% per year) and the United States (+18.5% per year).

In 2022, the highest levels of civil reaction engine per capita consumption was registered in Singapore (10 units per 1000 persons), followed by the UK (4.3 units per 1000 persons), Sweden (3.8 units per 1000 persons) and Hong Kong SAR (2.2 units per 1000 persons), while the world average per capita consumption of civil reaction engine was estimated at 0.1 units per 1000 persons.

In Singapore, civil reaction engine per capita consumption decreased by an average annual rate of -26.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the UK (+0.9% per year) and Sweden (+1.3% per year).

Production

World Production of Civil Reaction Engines

In 2022, production of civil reaction engines increased by 1.5% to 2M units, rising for the fourth consecutive year after two years of decline. The total output volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 2.4% against the previous year. Over the period under review, global production hit record highs in 2022 and is likely to continue growth in the near future.

In value terms, civil reaction engine production stood at $6.2B in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 47%. Global production peaked at $6.3B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

Singapore (1.2M units) remains the largest civil reaction engine producing country worldwide, accounting for 62% of total volume. Moreover, civil reaction engine production in Singapore exceeded the figures recorded by the second-largest producer, the UK (306K units), fourfold. Vietnam (98K units) ranked third in terms of total production with a 4.9% share.

In Singapore, civil reaction engine production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the UK (+0.5% per year) and Vietnam (+0.8% per year).

Imports

World Imports of Civil Reaction Engines

In 2022, overseas purchases of civil reaction engines were finally on the rise to reach 290K units after two years of decline. Overall, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 129%. Global imports peaked at 522K units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, civil reaction engine imports reduced notably to $315M in 2022. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. Global imports peaked at $846M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

Egypt (87K units) and Colombia (82K units) represented roughly 58% of total imports in 2022. The United States (25K units) took the next position in the ranking, followed by the UK (24K units), Hong Kong SAR (16K units) and Singapore (13K units). All these countries together held near 27% share of total imports. Russia (7.7K units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Russia (with a CAGR of +61.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($153M) constitutes the largest market for imported civil reaction engines worldwide, comprising 49% of global imports. The second position in the ranking was taken by Colombia ($53M), with a 17% share of global imports. It was followed by the UK, with a 4.3% share.

In the United States, civil reaction engine imports expanded at an average annual rate of +4.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (-0.4% per year) and the UK (+2.2% per year).

Import Prices By Country

In 2022, the average civil reaction engine import price amounted to $1,084 per unit, waning by -55.4% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 150% against the previous year. As a result, import price attained the peak level of $2,429 per unit, and then contracted significantly in the following year.

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 the United States ($6,124 per unit), while Hong Kong SAR ($29 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-9.1%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Civil Reaction Engines

In 2022, the amount of civil reaction engines exported worldwide skyrocketed to 1.3M units, rising by 56% compared with the year before. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 213%. The global exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, civil reaction engine exports contracted notably to $263M in 2022. In general, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 65%. The global exports peaked at $382M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

Singapore prevails in exports structure, amounting to 1.2M units, which was approx. 93% of total exports in 2022. The UK (37K units) took a relatively small share of total exports.

Singapore was also the fastest-growing in terms of the civil reaction engines exports, with a CAGR of +139.8% from 2012 to 2022. the UK (-1.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore increased by +93 percentage points.

In value terms, the UK ($12M) remains the largest civil reaction engine supplier worldwide, comprising 4.6% of global exports. The second position in the ranking was held by Singapore ($1.9M), with a 0.7% share of global exports.

In the UK, civil reaction engine exports shrank by an average annual rate of -10.9% over the period from 2012-2022.

Export Prices By Country

The average civil reaction engine export price stood at $206 per unit in 2022, declining by -46.3% against the previous year. Over the period under review, the export price saw a dramatic decline. The most prominent rate of growth was recorded in 2015 an increase of 69%. The global export price peaked at $3,795 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($327 per unit), while Singapore stood at $1.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-9.9%).

Source: IndexBox Market Intelligence Platform