Overview of the Global Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

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

The global market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the global market remained at a lower figure.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) totaled $X in 2023 estimated in export price. Overall, production saw pronounced growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, global production of growth remained at a somewhat lower figure.

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

Exports

In 2023, shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X%. The global exports peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) dropped to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The global exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

China prevails in aircraft) structure, reaching X units, which was approx. X% of total exports in 2023. Thailand (X units) took the second position in the ranking, followed by the United States (X units) and Japan (X units). All these countries together held near X% share of total exports. Belgium (X units) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to internal combustion engine (excl. diesel, moto vehicle and aircraft) exports from China stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), the United States (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while Thailand, the United States and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the United States ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Japan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per unit in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2023, overseas purchases of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, global imports of attained the maximum at X units in 2021; however, from 2022 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) contracted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, the United States (X units), distantly followed by Vietnam (X units) and Mexico (X units) were the key importers of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), together generating X% of total imports. Russia (X units), Egypt (X units), the Philippines (X units), Indonesia (X units), Japan (X units), Belgium (X units), Italy (X units), Brazil (X units), Poland (X units) and China (X units) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) worldwide, comprising X% of global imports. The second position in the ranking was held by China ($X), with a X% share of global imports. It was followed by Belgium, with a X% share.

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

Import Prices by Country

The average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per unit in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform