Overview of the Global Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

The global market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell to $X in 2021, which is down by -5.4% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 14%. As a result, production attained the peak level of $X, and then reduced in the following year.

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

Exports

In 2021, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of around X tons, which amounted to 42% of total exports. Japan (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by the United States (8.2%). The following exporters - Belgium (X tons), Spain (X tons), Poland (X tons), Austria (X tons) and Turkey (X tons) - together made up 12% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +60.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, with a combined 72% share of global exports. Belgium, Poland, Austria, Turkey and Spain lagged somewhat behind, together comprising a further 11%.

Poland, with a CAGR of +66.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

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, dropping by -6.1% against the previous year. In general, the export price recorded a pronounced contraction. The growth pace was the most rapid in 2019 an increase of 5.2% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imported worldwide rose markedly to X tons, with an increase of 15% compared with the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the major importer of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), creating 27% of total imports. Mexico (X tons), Russia (X tons), Belgium (X tons), China (X tons), Indonesia (X tons), Saudi Arabia (X tons), Canada (X tons), Italy (X tons), the Netherlands (X tons), Brazil (X tons), Japan (X tons) and Vietnam (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to internal combustion engine (excl. diesel, moto vehicle and aircraft) imports into the United States stood at +2.1%. At the same time, Vietnam (+26.9%), the Netherlands (+16.3%), Saudi Arabia (+10.0%), Mexico (+6.9%), Russia (+4.4%), Brazil (+4.4%), Italy (+2.0%) and Indonesia (+2.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +26.9% from 2012-2021. Belgium, Canada and Japan experienced a relatively flat trend pattern. By contrast, China (-2.2%) illustrated a downward trend over the same period. Vietnam (+2.1 p.p.), the Netherlands (+2 p.p.) and Saudi Arabia (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while China saw its share reduced by -1.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) worldwide, comprising 30% of global imports. The second position in the ranking was taken by Belgium ($X), with a 5% share of global imports. It was followed by China, with a 4.8% share.

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. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+0.5% per year) and China (+2.2% per year).

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, increasing by 6.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 7.7% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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