EU: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in the EU

In 2022, after two years of growth, there was significant decline in the EU market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), when its value decreased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in the EU

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded sharply to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in the EU

Exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to X units in 2022, jumping by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Italy (X units), Belgium (X units) and Poland (X units) represented the key exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in the European Union, achieving X% of total export. The Netherlands (X units) took the next position in the ranking, followed by Germany (X units), Austria (X units), Finland (X units), France (X units) and Spain (X units). All these countries together held near X% share of total exports.

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

In value terms, Belgium ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium totaled X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, waning by X% against the previous year. Export price indicated tangible 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. Based on 2022 figures, export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted markedly in the following year.

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 Austria ($X per unit), while Spain ($X per unit) was amongst the lowest.

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

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in the EU

In 2022, purchases abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) shrank slightly to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

In 2022, Belgium (X units), Slovakia (X units), Italy (X units), Austria (X units), France (X units), Poland (X units), Germany (X units) and the Netherlands (X units) was the major importer of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in the European Union, making up X% of total import. The Czech Republic (X 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 Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. France, Poland, Austria, the Netherlands, Slovakia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then contracted 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 Germany ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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