Northern America: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

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

Exports in Northern America

In 2021, shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -11.3% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 27%. The volume of export peaked at X tons in 2018; however, from 2019 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) rose significantly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United States (X tons) was the key exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), generating 87% of total exports. It was distantly followed by Canada (X tons), generating a 13% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to internal combustion engine (excl. diesel, moto vehicle and aircraft) exports from the United States stood at -3.0%. At the same time, Canada (+15.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +15.6% from 2012-2021. From 2012 to 2021, the share of Canada increased by +10 percentage points.

In value terms, the United States ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in Northern America, comprising 91% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.9% share of total exports.

In the United States, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.1%).

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

Imports in Northern America

In 2021, overseas purchases of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 24%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

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 +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the largest importer of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Northern America, with the volume of imports finishing at X tons, which was near 89% of total imports in 2021. It was distantly followed by Canada (X tons), generating a 10% share of total imports.

The United States was also the fastest-growing in terms of the internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imports, with a CAGR of +2.1% from 2012 to 2021. Canada experienced a relatively flat trend pattern. The United States (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -2.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

In the United States, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded at an average annual rate of +2.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.0%).

Source: IndexBox Platform

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