Northern America: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Northern America

In 2021, the North American motor vehicle engine market was finally on the rise to reach $X after two years of decline. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.7% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Motor Vehicle Engine Production in Northern America

In value terms, motor vehicle engine production reached $X in 2021 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 45%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Motor Vehicle Engine Exports

Exports in Northern America

In 2021, approx. X tons of motor vehicle engines (spark-ignition) were exported in Northern America; declining by -9.4% against 2020. In general, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, motor vehicle engine exports reduced modestly to $X in 2021. Overall, exports showed a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States represented the key exporting country with an export of about X tons, which recorded 73% of total exports. It was distantly followed by Canada (X tons), creating a 27% share of total exports.

The United States was also the fastest-growing in terms of the motor vehicle engines (spark-ignition) exports, with a CAGR of -1.5% from 2012 to 2021. Canada (-5.7%) illustrated a downward trend over the same period. The United States (+8.4 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -8.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest motor vehicle engine supplier in Northern America, comprising 69% of total exports. The second position in the ranking was taken by Canada ($X), with a 31% share of total exports.

In the United States, motor vehicle engine exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, with an increase of 6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 an increase of 9% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.7%).

Motor Vehicle Engine Imports

Imports in Northern America

Motor vehicle engine imports reduced slightly to X tons in 2021, with a decrease of -4.2% compared with 2020 figures. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by 6.8%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, motor vehicle engine imports stood at $X in 2021. In general, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2016 with an increase of 6.3% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) represented the major importer of motor vehicle engines (spark-ignition), committing 74% of total imports. It was distantly followed by Canada (X tons), generating a 26% share of total imports.

The United States was also the fastest-growing in terms of the motor vehicle engines (spark-ignition) imports, with a CAGR of -3.9% from 2012 to 2021. Canada (-7.7%) illustrated a downward trend over the same period. While the share of the United States (+7.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-7.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) in Northern America, comprising 73% of total imports. The second position in the ranking was taken by Canada ($X), with a 27% share of total imports.

In the United States, motor vehicle engine imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 5.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2018 when the import price increased by 14% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.2%).

Source: IndexBox Platform

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