Germany: Engine Generator Market 2024

Engine Generator Market Size in Germany

After two years of growth, the German engine generator market decreased by -36.1% to $X in 2022. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Engine Generator Production in Germany

In value terms, engine generator production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Engine Generator Exports

Exports from Germany

In 2022, the amount of generators for internal combustion engines exported from Germany reached X units, increasing by 11% on the previous year's figure. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +1.9% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, engine generator exports dropped to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +76.4% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

China (X units) was the main destination for engine generator exports from Germany, with a 40% share of total exports. Moreover, engine generator exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Mexico (X units), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.6% per year) and Mexico (+39.7% per year).

In value terms, China ($X) remains the key foreign market for generators for internal combustion engines exports from Germany, comprising 40% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Mexico, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.7% per year) and Mexico (+39.9% per year).

Export Prices by Country

The average engine generator export price stood at $X per unit in 2022, shrinking by -21.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 32% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then declined dramatically in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per unit) and South Africa ($X per unit), while the average price for exports to Russia ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+0.1%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Germany

In 2022, the amount of generators for internal combustion engines imported into Germany contracted markedly to X units, with a decrease of -23.5% on the previous year's figure. Overall, imports recorded a mild decline. The growth pace was the most rapid in 2021 when imports increased by 17%. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, engine generator imports declined to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 9.6% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest engine generator supplier to Germany, accounting for a 44% share of total imports. Moreover, engine generator imports from France exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Japan (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.4% per year) and Japan (-9.9% per year).

In value terms, France ($X) constituted the largest supplier of generators for internal combustion engines to Germany, comprising 44% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by Japan, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.2% per year) and Japan (-8.3% per year).

Import Prices by Country

In 2022, the average engine generator import price amounted to $X per unit, growing by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($X per unit) and India ($X per unit), while the price for the United States ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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