Austria: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Austria

The Austrian market for diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022, with a decrease of -13.2% against the previous year. Overall, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Austria

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible decrease. The growth pace was the most rapid in 2016 with an increase of 171%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Austria

In 2022, overseas shipments of diesel engines (other than for motor vehicles and aircraft) increased by 2.6% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) expanded notably to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 23%. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X units), Canada (X units) and Germany (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Austria, with a combined 48% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +59.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and China ($X) were the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Austria worldwide, together accounting for 43% of total exports.

Among the main countries of destination, Canada, with a CAGR of +40.6%, saw the highest rates of growth with regard to 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

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, increasing by 12% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for diesel engines (other than for motor vehicles and aircraft) decreased by -3.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 29%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Austria

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) imported into Austria contracted to X units, waning by -9.6% on 2021. Overall, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 53%. Over the period under review, imports of hit record highs at X units in 2021, and then declined in the following year.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) dropped to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 55%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Switzerland (X units), Japan (X units) and the Netherlands (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Austria, with a combined 61% share of total imports. Germany, the UK, the United States and France lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +31.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Japan ($X) were the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Austria, with a combined 67% share of total imports. The Netherlands, the UK, the United States and France lagged somewhat behind, together comprising a further 30%.

France, with a CAGR of +26.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, standing approx. at the previous year. In general, the import price recorded a mild setback. The growth pace was the most rapid in 2016 an increase of 8.2%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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