EU: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in the EU

In 2021, the EU market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in the EU

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 19%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in the EU

In 2021, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -4.8% to X tons, falling for the fourth year in a row after two years of growth. Total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.8% against 2017 indices. The pace of growth was the most pronounced in 2016 when exports increased by 60%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose rapidly to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 2016 when exports increased by 40% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Belgium (X tons), distantly followed by Spain (X tons), Poland (X tons), Austria (X tons), Italy (X tons), Germany (X tons), the Netherlands (X tons) and France (X tons) were the largest exporters of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), together mixing up 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +60.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in the European Union, comprising 36% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by Austria, with a 13% share.

In Belgium, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased at an average annual rate of +5.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+66.4% per year) and Austria (+2.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, jumping by 17% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.8%), while the other leaders experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in the EU

In 2021, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 27% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons), Italy (X tons), the Netherlands (X tons), Austria (X tons), Slovakia (X tons), Poland (X tons), France (X tons) and Germany (X tons) was the major importer of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in the European Union, committing 81% of total import.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, with a combined 45% share of total imports.

The Netherlands, with a CAGR of +21.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, rising by 2.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2020 when the import price increased by 6.8% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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