Czech Republic: 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 the Czech Republic

The Czech market for diesel engines (other than for motor vehicles and aircraft) reduced to $X in 2022, falling by -10.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X, and then contracted in the following year.

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

Exports from the Czech Republic

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) exported from the Czech Republic declined to X units, falling by -10.7% against the previous year. Over the period under review, exports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 179%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 40% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X units), Poland (X units) and Germany (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from the Czech Republic, together accounting for 48% of total exports. South Korea, the United States, Russia, Italy, Ukraine, Belgium, India, Bulgaria, China and Indonesia lagged somewhat behind, together accounting for a further 42%. Moreover, exports of diesel engines (other than for motor vehicles and aircraft) in Slovakia exceeded the figures recorded by the second-largest exporter, Poland, twofold.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +64.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from the Czech Republic, comprising 21% of total exports. The second position in the ranking was held by Italy ($X), with a 9.4% share of total exports. It was followed by Poland, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia amounted to -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+15.4% per year) and Poland (+15.3% per year).

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, growing by 4.9% against the previous year. Overall, the export price enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 301%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the United States ($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 Bulgaria (+32.1%), 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 the Czech Republic

In 2022, imports of diesel engines (other than for motor vehicles and aircraft) into the Czech Republic contracted to X units, with a decrease of -13.4% on the year before. Over the period under review, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 67%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) dropped to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to the Czech Republic, accounting for a 68% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. The third position in this ranking was held by Germany (X units), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+116.6% per year) and Germany (+20.0% per year).

In value terms, Japan ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to the Czech Republic, comprising 48% of total imports. The second position in the ranking was taken by South Korea ($X), with a 21% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+114.0% per year) and Germany (+6.0% per year).

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, with an increase of 5.5% against the previous year. Overall, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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