Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK - 2023

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK (CIF) - 2023
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK (CIF) - 2023

In November 2023, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $20,022 per unit, picking up by 2.3% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% against the previous month. The import price peaked at $20,950 per unit in September 2023; afterwards, it flattened through to November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Romania ($27,042 per unit), while the price for South Korea ($13,916 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Morocco (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK (FOB) - 2022

In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $9,693 per unit, dropping by -3.7% against the previous year. Overall, the export price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2017 an increase of 186%. Over the period under review, the average export prices reached the peak figure at $10,400 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($16,437 per unit), while the average price for exports to Congo ($1,107 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK

In 2022, overseas purchases of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs were finally on the rise to reach 394K units after two years of decline. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs surged to $4.5B in 2022. In general, imports, however, continue to indicate a pronounced shrinkage. Over the period under review, imports of reached the maximum at $4.8B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to the UK in 2022:

1. South Africa (93.3K units)
2. China (58.3K units)
3. Spain (56.1K units)
4. Germany (42.6K units)
5. Romania (38.2K units)
6. Czech Republic (37.6K units)
7. South Korea (25.7K units)
8. Morocco (13.1K units)
9. Turkey (4.7K units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in the UK

In 2022, overseas shipments of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -46.8% to 45K units, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2020 when exports increased by 74%. As a result, the exports reached the peak of 86K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs fell significantly to $439M in 2022. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 73% against the previous year. As a result, the exports reached the peak of $894M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from the UK in 2022:

1. Nigeria (10.9K units)
2. France (5.4K units)
3. Italy (5.0K units)
4. Spain (3.1K units)
5. Germany (2.0K units)
6. United States (1.9K units)
7. Democratic Republic of the Congo (1.6K units)
8. Congo (1.4K units)
9. Turkey (1.2K units)
10. Australia (1.0K units)
11. Portugal (1.0K units)
12. Belgium (0.9K units)
13. Poland (0.8K units)

Source: IndexBox Market Intelligence Platform