Italy: 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 Italy

In 2021, the Italian 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. Overall, consumption showed a strong expansion. 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 Italy

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined dramatically to $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 71% against the previous year. Production of peaked at $X in 2020, and then declined sharply in the following year.

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

Exports from Italy

In 2021, shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -49.3% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports, however, posted a slight increase. The most prominent rate of growth was recorded in 2016 with an increase of 307%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced rapidly to $X in 2021. Over the period under review, exports, however, saw a temperate expansion. The pace of growth was the most pronounced in 2016 when exports increased by 322% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), France (X tons) and the United States (X tons) were the main destinations of exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Italy, together comprising 20% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +120.1%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) emerged as the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Italy, comprising 49% of total exports. The second position in the ranking was taken by France ($X), with a 4.9% share of total exports. It was followed by Spain, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Colombia totaled +119.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-15.8% per year) and Spain (+4.3% per year).

Export Prices by Country

In 2021, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2020 an increase of 17%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Italy

In 2021, overseas purchases of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 35% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. 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) surged to $X in 2021. The total import value increased at an average annual rate of +2.9% 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

China (X tons), Belgium (X tons) and Japan (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Italy, together accounting for 84% of total imports. The United States, the Netherlands, Germany and Thailand lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Belgium ($X) and China ($X) constituted the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Italy, with a combined 80% share of total imports. The United States, Germany, the Netherlands and Thailand lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Germany, with a CAGR of +19.6%, 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

The average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, stabilizing at the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 8.7%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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