Estonia: Motor Vehicle Engine Market 2020

Motor Vehicle Engine Market Size in Estonia

The revenue of the motor vehicle engine market in Estonia amounted to $X in 2018, reducing by -X% against the previous year. In general, motor vehicle engine consumption continues to indicate a measured drop. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, the motor vehicle engine market attained its peak level of $X. From 2012 to 2018, the growth of the motor vehicle engine market remained at a somewhat lower figure.

Motor Vehicle Engine Production in Estonia

In value terms, motor vehicle engine production amounted to $X in 2018 estimated in export prices. Overall, motor vehicle engine production continues to indicate a slight increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, motor vehicle engine production attained its peak level of $X. From 2012 to 2018, motor vehicle engine production growth remained at a somewhat lower figure.

Motor Vehicle Engine Exports

Exports from Estonia

In 2018, the motor vehicle engine exports from Estonia totaled X units, approximately reflecting the previous year. In general, motor vehicle engine exports, however, continue to indicate a deep drop. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, motor vehicle engine exports attained their peak of X units. From 2014 to 2018, the growth of motor vehicle engine exports remained at a lower figure.

In value terms, motor vehicle engine exports amounted to $X in 2018. Over the period under review, motor vehicle engine exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, motor vehicle engine exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, Germany (X units), distantly followed by the U.S. (X units), Japan (X units), China (X units), Mexico (X units), Hungary (X units) and Austria (X units) were the largest exporters of motor vehicle engines (spark-ignition), together generating X% of total exports. The UK (X units), Canada (X units), France (X units), Romania (X units) and South Korea (X units) held a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to motor vehicle engine exports from Germany stood at +X%. At the same time, South Korea (+X%), France (+X%), Romania (+X%), Austria (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan experienced a relatively flat trend pattern. By contrast, Mexico (-X%), Canada (-X%), Hungary (-X%), China (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Germany, France, the U.S. and Romania increased by +X%, +X%, +X% and +X% percentage points, while Hungary (-X p.p.), Mexico (-X p.p.), the UK (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Hungary, Mexico, Canada, France, Austria, the UK, China, South Korea, Romania and Estonia lagged somewhat behind, together accounting for a further X terms of the main exporting countries, France recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The motor vehicle engine export price in Estonia stood at $X per unit in 2018, rising by X% against the previous year. In general, the motor vehicle engine export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Estonia export price peaked at $X per unit in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into Estonia

In 2018, the amount of motor vehicle engines (spark-ignition) imported into Estonia totaled X units, lowering by -X% against the previous year. Overall, motor vehicle engine imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, motor vehicle engine imports attained their peak figure at X units in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, motor vehicle engine imports stood at $X in 2018. Over the period under review, motor vehicle engine imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Over the period under review, motor vehicle engine imports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Mexico (X units), Canada (X units) and Germany (X units) represented the largest importers of motor vehicle engines (spark-ignition), together generating X% of total imports. Russia (X units), China (X units), Turkey (X units), Spain (X units), the Czech Republic (X units), Poland (X units), Hungary (X units) and Brazil (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to motor vehicle engine imports into the U.S. stood at +X%. At the same time, Mexico (+X%), Turkey (+X%), Hungary (+X%), Brazil (+X%), Russia (+X%), China (+X%), Poland (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Canada (-X%), Spain (-X%) and Germany (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.), the U.S. (+X p.p.), Turkey (+X p.p.), Russia (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the global imports, while Canada, Spain and Germany saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Canada (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the motor vehicle engine import price in Estonia amounted to $X per unit, increasing by X% against the previous year. Overall, the motor vehicle engine import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. Estonia import price peaked in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform