China: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in China

In 2021, the Chinese motor vehicle engine market decreased by -1% to $X, falling for the third consecutive year after three years of growth. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.2% against 2018 indices. Motor vehicle engine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Motor Vehicle Engine Production in China

In value terms, motor vehicle engine production rose modestly to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.2% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 23% against the previous year. Motor vehicle engine production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Motor Vehicle Engine Exports

Exports from China

In 2021, shipments abroad of motor vehicle engines (spark-ignition) increased by 31% to X tons, rising for the seventh consecutive year after two years of decline. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 44%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, motor vehicle engine exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Belgium (X tons) and Vietnam (X tons) were the main destinations of motor vehicle engine exports from China, together accounting for 39% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +123.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor vehicle engine exported from China were Russia ($X), Belgium ($X) and India ($X), together comprising 39% of total exports. Vietnam, Taiwan (Chinese), Iran, Belarus, the UK, the United States, Pakistan, the Czech Republic, Indonesia and Turkey lagged somewhat behind, together accounting for a further 39%.

The Czech Republic, with a CAGR of +109.7%, saw the highest rates of growth with regard to 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

The average motor vehicle engine export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price recorded a perceptible setback. The growth pace was the most rapid in 2017 when the average export price increased by 11%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Indonesia ($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 the UK (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into China

In 2021, purchases abroad of motor vehicle engines (spark-ignition) decreased by -36.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, motor vehicle engine imports plummeted to $X in 2021. Overall, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 26%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest motor vehicle engine supplier to China, accounting for a 71% share of total imports. Moreover, motor vehicle engine imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. The third position in this ranking was taken by Sweden (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.0% per year) and Sweden (+52.8% per year).

In value terms, Japan ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to China, comprising 61% of total imports. The second position in the ranking was held by Sweden ($X), with a 9.7% share of total imports. It was followed by the United States, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+61.7% per year) and the United States (+4.0% per year).

Import Prices by Country

In 2021, the average motor vehicle engine import price amounted to $X per ton, surging by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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