Benelux: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Benelux

In 2021, the Benelux motor vehicle engine market decreased by -8.8% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.7% against 2016 indices. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Motor Vehicle Engine Production in Benelux

In value terms, motor vehicle engine production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Motor Vehicle Engine Exports

Exports in Benelux

In 2021, approx. X tons of motor vehicle engines (spark-ignition) were exported in Benelux; falling by -9.6% on the previous year's figure. In general, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 84%. The volume of export peaked at X tons in 2020, and then fell in the following year.

In value terms, motor vehicle engine exports skyrocketed to $X in 2021. Over the period under review, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 64%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium was the key exporter of motor vehicle engines (spark-ignition) in Benelux, with the volume of exports recording X tons, which was approx. 67% of total exports in 2021. It was distantly followed by the Netherlands (X tons), generating a 33% share of total exports.

Belgium was also the fastest-growing in terms of the motor vehicle engines (spark-ignition) exports, with a CAGR of +5.6% from 2012 to 2021. At the same time, the Netherlands (+1.2%) displayed positive paces of growth. Belgium (+9 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -9% from 2012 to 2021, respectively.

In value terms, Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021.

The Netherlands, with a CAGR of +4.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, rising by 38% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%).

Motor Vehicle Engine Imports

Imports in Benelux

In 2021, the amount of motor vehicle engines (spark-ignition) imported in Benelux shrank sharply to X tons, reducing by -15.5% compared with the year before. Overall, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2014 with an increase of 43% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, motor vehicle engine imports rose modestly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 54%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) and the Netherlands (X tons) was the key importer of motor vehicle engines (spark-ignition) in Benelux, making up 100% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of +18.7%).

In value terms, the largest motor vehicle engine importing markets in Benelux were Belgium ($X) and the Netherlands ($X).

Among the main importing countries, the Netherlands, with a CAGR of +18.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, rising by 24% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%).

Source: IndexBox Platform