Europe: 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 Europe

After two years of decline, the Europe market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 43% to $X in 2021. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached 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 Europe

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached $X in 2021 estimated in export price. Overall, production, however, saw a slight slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

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

Exports in Europe

In 2021, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -1.4% 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 +3.6% 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 -19.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 58%. Over the period under review, the exports of reached the maximum 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) expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 51%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

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 key exporters of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), together making up 87% 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 ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in Europe, comprising 35% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by Austria, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at +5.3%. In the other countries, the average annual rates were as follows: Poland (+66.4% per year) and Austria (+2.8% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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 Europe

In 2021, purchases 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. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained 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 +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in 2021 were Russia (X tons), Belgium (X tons), Italy (X tons), the Netherlands (X tons), Austria (X tons), Slovakia (X tons), Poland (X tons), France (X tons), Germany (X tons), the UK (X tons), Spain (X tons) and Sweden (X tons), together reaching 86% 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, the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) importing markets in Europe were Belgium ($X), the Netherlands ($X) and Italy ($X), with a combined 38% share of total imports.

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

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, with an increase of 2.7% against the previous year. Over the period under review, the import price showed modest growth. The most prominent rate of growth was recorded in 2018 an increase of 8.8%. The level of import peaked in 2021 and is likely to continue growth in the near future.

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