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

The EU market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) shrank slightly to $X in 2023, falling by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

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 to $X in 2023 estimated in export price. Over the period under review, production posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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

Exports in the EU

After four years of growth, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by X% to X units in 2023. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell to $X in 2023. Total exports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

In 2023, Belgium (X units) was the largest exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), committing X% of total exports. Spain (X units) took the second position in the ranking, followed by Poland (X units), Austria (X units), the Netherlands (X units) and Germany (X units). All these countries together held approx. X% share of total exports. Italy (X units) took a minor share of total exports.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%), Austria (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Spain, Belgium, Poland and Austria increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Belgium amounted to X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Austria (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per unit, which is down by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

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

Imports in the EU

In 2023, overseas purchases of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined modestly to $X in 2023. Total imports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

The purchases of the eight major importers of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), namely Belgium, Italy, Poland, France, Slovakia, Austria, Germany and Spain, represented more than two-thirds of total import. Greece (X units) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Greece (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 Poland ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 2023, with an increase of X% against the previous year. Overall, the import price showed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2023, 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