EU: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in the EU

The EU internal combustion engines market dropped modestly to $X in 2021, leveling off at the previous year. Overall, consumption continues to indicate a mild decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Internal Combustion Engines Production in the EU

In value terms, internal combustion engines production rose to $X in 2021 estimated in export price. In general, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 4%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports in the EU

In 2021, overseas shipments of motor vehicles compression-ignition internal combustion piston engines decreased by -5.3% to X units, falling for the seventh year in a row after three years of growth. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 2.6% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, internal combustion engines exports reached $X in 2021. Overall, exports showed a noticeable descent. The pace of growth was the most pronounced in 2013 with an increase of 9.4% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Germany (X units), Poland (X units), France (X units), Italy (X units), Austria (X units), Hungary (X units) and Spain (X units), together reaching 92% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of +4.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Germany ($X) remains the largest internal combustion engines supplier in the European Union, comprising 29% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by Austria, with a 12% share.

In Germany, internal combustion engines exports shrank by an average annual rate of -2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (-4.6% per year) and Austria (-4.1% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, increasing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the other leaders experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports in the EU

For the third year in a row, the European Union recorded decline in supplies from abroad of motor vehicles compression-ignition internal combustion piston engines, which decreased by -4% to X units in 2021. Over the period under review, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 6.4% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, internal combustion engines imports expanded to $X in 2021. Overall, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 9.8%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of motor vehicles compression-ignition internal combustion piston engines, namely Germany, the Czech Republic, France and Spain, represented more than half of total import. It was distantly followed by Belgium (X units), Poland (X units) and Italy (X units), together generating a 15% share of total imports. Portugal (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported motor vehicles compression-ignition internal combustion piston engines in the European Union, comprising 28% of total imports. The second position in the ranking was taken by Spain ($X), with a 12% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to -4.6%. In the other countries, the average annual rates were as follows: Spain (+0.2% per year) and the Czech Republic (+4.5% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, with an increase of 7.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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