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Japan - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingOctober 2023 Sees Japan's Motor Vehicle Engine Exports Surge to $169M
Japan Motor Vehicle Engine Exports
Motor vehicle engine exports from Japan reached 65K units in October 2023, remaining constant against the previous month. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when exports increased by 24% month-to-month. The exports peaked at 70K units in December 2022; however, from January 2023 to October 2023, the exports stood at a somewhat lower figure.
In value terms, motor vehicle engine exports stood at $169M (IndexBox estimates) in October 2023. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when exports increased by 27% m-o-m. As a result, the exports attained the peak of $184M. From August 2023 to October 2023, the growth of the exports remained at a somewhat lower figure.
COUNTRY | Export Value of Motor Vehicle Engine in Japan (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
United States | 41.8 | 24.5 | 36.2 | 30.8 | 28.4 | 32.0 | 26.7 | 31.8 | 34.7 | 36.1 | 27.8 | 38.0 | 39.4 |
United Arab Emirates | 19.8 | 16.6 | 21.1 | 16.7 | 18.3 | 21.5 | 22.3 | 21.0 | 22.9 | 20.2 | 16.9 | 18.9 | 22.3 |
Hungary | 9.9 | 15.4 | 15.2 | 11.7 | 12.5 | 18.3 | 13.6 | 14.3 | 7.2 | 20.4 | 11.1 | 11.0 | 19.6 |
China | 25.0 | 21.6 | 14.8 | 11.1 | 8.3 | 11.0 | 15.0 | 14.2 | 12.5 | 11.9 | 11.9 | 15.5 | 17.2 |
Malaysia | 7.1 | 6.6 | 8.7 | 5.3 | 5.9 | 8.7 | 8.6 | 8.1 | 8.8 | 8.3 | 6.6 | 7.2 | 7.1 |
Thailand | 10.8 | 13.3 | 15.5 | 10.5 | 12.2 | 14.5 | 10.2 | 8.1 | 8.0 | 12.0 | 6.3 | 7.9 | 6.1 |
Mexico | 8.5 | 8.5 | 10.9 | 11.4 | 8.8 | 7.4 | 5.6 | 5.7 | 9.6 | 11.3 | 8.4 | 6.9 | 4.6 |
Others | 39.3 | 56.6 | 56.4 | 41.0 | 38.5 | 47.3 | 45.3 | 36.7 | 40.7 | 64.0 | 52.6 | 61.2 | 52.2 |
Total | 162 | 163 | 179 | 139 | 133 | 161 | 147 | 140 | 144 | 184 | 142 | 167 | 169 |
Exports by Country
The United States (19K units) was the main destination for motor vehicle engine exports from Japan, accounting for a 29% share of total exports. Moreover, motor vehicle engine exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (8.1K units), twofold. Hungary (6.7K units) ranked third in terms of total exports with a 10% share.
From October 2022 to October 2023, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (+0.6% per month) and Hungary (+5.4% per month).
In value terms, the United States ($39M), the United Arab Emirates ($22M) and Hungary ($20M) were the largest markets for motor vehicle engine exported from Japan worldwide, together accounting for 48% of total exports.
In terms of the main countries of destination, Hungary, with a CAGR of +5.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Engines (45K units) was the largest type of motor vehicle engine exported from Japan, with a 70% share of total exports. Moreover, engines exceeded the volume of the second product type, engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc (18K units), threefold. Engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc (907 units) ranked third in terms of total exports with a 1.4% share.
From October 2022 to October 2023, the average monthly rate of growth in terms of the volume of export of engines was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc (+1.6% per month) and engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc (-2.5% per month).
In value terms, engines ($133M) remains the largest type of motor vehicle engine exported from Japan, comprising 79% of total exports. The second position in the ranking was taken by engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc ($34M), with a 20% share of total exports. It was followed by engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc, with a 0.3% share.
From October 2022 to October 2023, the average monthly rate of growth in terms of the export volume of engines was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 250cc but not exceeding 1000cc (+2.0% per month) and engines; reciprocating piston engines, of a kind used for the propulsion of vehicles of chapter 87, of a cylinder capacity exceeding 50cc but not exceeding 250cc (-0.1% per month).
Export Prices by Country
In October 2023, the motor vehicle engine price amounted to $2,602 per unit (FOB, Japan), remaining constant against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 5% m-o-m. The export price peaked at $2,675 per unit in February 2023; however, from March 2023 to October 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In October 2023, the countries with the highest prices were Mexico ($2,953 per unit) and Hungary ($2,953 per unit), while the average price for exports to the United States ($2,077 per unit) and Malaysia ($2,635 per unit) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the motor vehicle engine market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023