Austria: 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 Austria

In 2021, the Austrian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 94% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a resilient expansion. As a result, consumption reached 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 Austria

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) contracted to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 216% against the previous year. Production of peaked at $X in 2020, and then shrank modestly in the following year.

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

Exports from Austria

In 2021, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exported from Austria soared to X tons, growing by 18% against the previous year. Overall, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.7% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 36%. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded markedly to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 35%. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Mexico (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Austria, accounting for a 66% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Mexico exceeded the volume sent to the second major destination, the UK (X tons), fivefold. Bangladesh (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to +204.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+189.2% per year) and Bangladesh (+28.8% per year).

In value terms, Mexico ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Austria, comprising 59% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by Brazil, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at +173.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+185.7% per year) and Brazil (+29.4% per year).

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, declining by -4.4% against the previous year. In general, the export price saw a mild curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 7.8% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Mexico ($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 Canada (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Austria

After two years of decline, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 52% to X tons in 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier to Austria, with a 61% share of total imports. Moreover, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Bangladesh (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.4% per year) and Bangladesh (+36.4% per year).

In value terms, China ($X), the United States ($X) and Belgium ($X) appeared to be the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Austria, with a combined 77% share of total imports. These countries were followed by Bangladesh, Germany, Russia, Italy and Japan, which together accounted for a further 10%.

In terms of the main suppliers, Bangladesh, with a CAGR of +43.5%, saw the highest rates of growth with regard to the value of imports, 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 internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, dropping by -5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 7.6% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, 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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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