Netherlands: 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 Netherlands

The Dutch market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021, rising by 129% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded notably to $X in 2021 estimated in export price. Overall, production, however, saw a slight decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 43% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

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

Exports from the Netherlands

After five years of growth, shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -72% to X tons in 2021. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 41% against the previous year. The exports peaked at X tons in 2020, and then dropped remarkably in the following year.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined sharply to $X in 2021. Overall, exports recorded a slight slump. The growth pace was the most rapid in 2020 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Germany (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from the Netherlands, with a 42% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+10.5% per year) and Italy (-14.9% per year).

In value terms, the largest markets for internal combustion engine (excl. diesel, moto vehicle and aircraft) exported from the Netherlands were Germany ($X), Belgium ($X) and Portugal ($X), with a combined 49% share of total exports. Poland, Italy, Sweden, Spain, France, Turkey, the UK, Denmark, the United Arab Emirates and the Czech Republic lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +64.8%, recorded 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.

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 ton in 2021, growing by 114% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the Netherlands

In 2021, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imported into the Netherlands stood at X tons, growing by 7% on the previous year's figure. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 160% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose rapidly to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 456% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Japan (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to the Netherlands, with a combined 77% share of total imports. These countries were followed by Belgium, Thailand, Sweden, China, France and the United States, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +66.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to the Netherlands, comprising 67% of total imports. The second position in the ranking was held by Belgium ($X), with a 6% share of total imports. It was followed by Thailand, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+18.3% per year) and Thailand (+24.0% 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 ton in 2021, surging by 6.2% against the previous year. In general, the import price saw a tangible expansion. The pace of growth appeared the most rapid in 2020 an increase of 114%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :