United Kingdom: 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 UK

The UK market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) dropped notably to $X in 2021, reducing by -25.8% against the previous year. In general, consumption showed a perceptible decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when the production volume increased by 177%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

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

Exports from the UK

In 2021, approx. X tons of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were exported from the UK; increasing by 191% compared with the year before. Over the period under review, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 447% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. Overall, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 416%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from the UK, with a 54% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to the United Arab Emirates exceeded the volume sent to the second major destination, Albania (X tons), sevenfold. Ireland (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+105.6% per year) and Ireland (+20.1% per year).

In value terms, the largest markets for internal combustion engine (excl. diesel, moto vehicle and aircraft) exported from the UK were the United Arab Emirates ($X), Ireland ($X) and the United States ($X), together accounting for 51% of total exports. These countries were followed by Germany, Russia, Poland, Turkey, the Netherlands, South Africa, Portugal and Albania, which together accounted for a further 23%.

Portugal, with a CAGR of +58.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, with a decrease of -46.8% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 71% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Albania ($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 Russia (+9.5%), 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 UK

Imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into the UK stood at X tons in 2021, growing by 8.2% on the year before. In general, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.6% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 24%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 22%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of internal combustion engine (excl. diesel, moto vehicle and aircraft) to the UK, accounting for a 32% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.2% per year) and Japan (+9.2% per year).

In value terms, the United States ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to the UK, comprising 38% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Austria, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.5% per year) and Austria (+163.0% per year).

Import Prices by Country

In 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, showed a mild expansion. The pace of growth appeared the most rapid in 2020 an increase of 19% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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