France: 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 France

The French market for diesel engines (other than for motor vehicles and aircraft) was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in France

In value terms, production of diesel engines (other than for motor vehicles and aircraft) stood at $X in 2022 estimated in export price. In general, production recorded a perceptible expansion. The growth pace was the most rapid in 2016 when the production volume increased by 39% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from France

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) exported from France totaled X units, picking up by 4.9% against 2021 figures. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +102.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) totaled $X in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X units), Spain (X units) and the Netherlands (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from France, together comprising 60% of total exports. Germany, the UK, Belgium, Romania, Turkey, the United States, Saudi Arabia and Morocco lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +26.5%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Germany ($X) constituted the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from France worldwide, together accounting for 65% of total exports. The Netherlands, Turkey, Belgium, the UK, the United States, Saudi Arabia, Romania and Morocco lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +28.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, picking up by 8.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Romania ($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 Morocco (+16.4%), 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 France

After five years of growth, purchases abroad of diesel engines (other than for motor vehicles and aircraft) decreased by -6.1% to X units in 2022. In general, imports, however, continue to indicate a moderate increase. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) fell slightly to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest diesel engines (other than for motor vehicles and aircraft) supplier to France, accounting for a 53% 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, Italy (X units), threefold. The UK (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.6% per year) and the UK (-0.1% per year).

In value terms, Japan ($X), Germany ($X) and the UK ($X) constituted the largest diesel engines (other than for motor vehicles and aircraft) suppliers to France, together comprising 59% of total imports. Italy, the United States, South Korea, China and Finland lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, China, with a CAGR of +22.8%, saw 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 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, rising by 5.6% against the previous year. In general, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 74%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Finland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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