Belgium: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Belgium

The Belgian motor vehicle engine market contracted to $X in 2021, with a decrease of -9.5% against the previous year. In general, consumption recorded a mild decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Motor Vehicle Engine Production in Belgium

In value terms, motor vehicle engine production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 529%. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Motor Vehicle Engine Exports

Exports from Belgium

In 2021, overseas shipments of motor vehicle engines (spark-ignition) decreased by -11.9% to X tons for the first time since 2015, thus ending a five-year rising trend. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 82%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, motor vehicle engine exports soared to $X in 2021. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 51% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Senegal (X tons) and Morocco (X tons) were the main destinations of motor vehicle engine exports from Belgium, with a combined 31% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +171.8%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for motor vehicle engines (spark-ignition) exports from Belgium, comprising 40% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Brazil, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +172.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-9.2% per year) and Brazil (+54.2% per year).

Export Prices by Country

In 2021, the average motor vehicle engine export price amounted to $X per ton, with an increase of 53% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Madagascar ($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 France (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Motor Vehicle Engine Imports

Imports into Belgium

In 2021, approx. X tons of motor vehicle engines (spark-ignition) were imported into Belgium; reducing by -11.5% on the previous year's figure. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 38%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, motor vehicle engine imports totaled $X in 2021. In general, imports showed a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 48%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of motor vehicle engine imports to Belgium, together accounting for 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +87.8%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Sweden ($X) and Germany ($X) were the largest motor vehicle engine suppliers to Belgium, with a combined 95% share of total imports.

China, with a CAGR of +100.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average motor vehicle engine import price stood at $X per ton in 2021, growing by 14% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motor vehicle engine import price increased by +14.5% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 47% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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