Price for Reciprocating or Rotary Internal Combustion Piston Engines in Belgium - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Belgium (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Belgium (FOB) - 2024
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Belgium
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Belgium
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Belgium (CIF) - 2022
In 2022, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $872 per unit, shrinking by -15% against the previous year. Overall, the import price recorded a noticeable reduction. The pace of growth was the most pronounced in 2013 an increase of 21%. As a result, import price attained the peak level of $1,310 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,790 per unit), while the price for Thailand ($212 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Belgium (FOB) - 2024
The average export price for reciprocating or rotary internal combustion piston engineses stood at $890 per unit in January 2024, shrinking by -48.2% against the previous month. Overall, export price indicated a notable expansion from January 2023 to January 2024: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for reciprocating or rotary internal combustion piston engineses decreased by -48.2% against December 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 49% m-o-m. The export price peaked at $1,718 per unit in December 2023, and then declined sharply in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,044 per unit), while the average price for exports to Armenia ($52.2 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Belgium
In 2022, approx. 833K units of reciprocating or rotary internal combustion piston engineses were imported into Belgium; picking up by 16% on the year before. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of reciprocating or rotary internal combustion piston engineses fell to $727M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. Imports peaked at $742M in 2021, and then declined slightly in the following year.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.7 | 243 | 280 | 210 | 46.6% |
| United States | 106 | 125 | 163 | 187 | 20.8% |
| Sweden | 290 | 177 | 155 | 173 | -15.8% |
| Japan | 44.0 | 69.3 | 68.8 | 65.1 | 13.9% |
| Thailand | 53.7 | 47.2 | 52.6 | 62.3 | 5.1% |
| Others | 18.8 | 24.7 | 23.6 | 28.8 | 15.3% |
| Total | 579 | 686 | 742 | 727 | 7.9% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Belgium in 2022:
- China (358.7K units)
- Thailand (294.1K units)
- Sweden (94.7K units)
- Japan (35.7K units)
- United States (27.6K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Belgium
In 2022, approx. 646K units of reciprocating or rotary internal combustion piston engineses were exported from Belgium; picking up by 6.2% on the previous year. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of reciprocating or rotary internal combustion piston engineses expanded significantly to $518M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $536M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 47.2 | 56.6 | 81.8 | 93.9 | 25.8% |
| Germany | 57.7 | 60.1 | 76.7 | 80.7 | 11.8% |
| France | 51.0 | 59.2 | 68.5 | 75.2 | 13.8% |
| Poland | 23.3 | 33.6 | 52.7 | 62.7 | 39.1% |
| Sweden | 25.6 | 31.6 | 48.3 | 41.2 | 17.2% |
| Netherlands | 16.7 | 23.6 | 27.3 | 29.1 | 20.3% |
| Spain | 16.1 | 18.0 | 19.4 | 23.0 | 12.6% |
| Bulgaria | 9.4 | 10.1 | 16.0 | 19.2 | 26.9% |
| Romania | 2.8 | 2.8 | 2.7 | 6.3 | 31.0% |
| Portugal | 2.6 | 4.3 | 5.0 | 5.3 | 26.8% |
| Czech Republic | 3.1 | 3.0 | 3.8 | 4.2 | 10.7% |
| United Kingdom | 24.1 | 25.9 | 1.4 | 1.1 | -64.3% |
| Ethiopia | N/A | 69.5 | N/A | N/A | 0% |
| Others | 63.5 | 137 | 78.1 | 75.8 | 6.1% |
| Total | 343 | 536 | 482 | 518 | 14.7% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Belgium in 2022:
- Germany (165.3K units)
- Italy (163.6K units)
- France (81.5K units)
- Poland (28.7K units)
- Bulgaria (28.2K units)
- Netherlands (23.5K units)
- Spain (21.7K units)
- Sweden (16.7K units)
- Czech Republic (15.8K units)
- Romania (14.4K units)
- Portugal (11.2K units)
- United Kingdom (2.4K units)
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