Europe: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Europe

The Europe internal combustion engines market reached $X in 2023, standing approx. at the previous year. In general, consumption showed a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Internal Combustion Engines Production in Europe

In value terms, internal combustion engines production contracted to $X in 2023 estimated in export price. In general, production continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2022 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Internal Combustion Engines Exports

Exports in Europe

After eight years of decline, shipments abroad of motor vehicles compression-ignition internal combustion piston engines increased by X% to X units in 2023. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, internal combustion engines exports soared to $X in 2023. Over the period under review, exports, however, saw a noticeable descent. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Poland (X units), Germany (X units), France (X units), the UK (X units) and Italy (X units) was the largest exporter of motor vehicles compression-ignition internal combustion piston engines in Europe, mixing up X% of total export. Austria (X units) ranks next in terms of the total exports with a X% share, followed by Hungary (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Italy (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest internal combustion engines supplying countries in Europe were Germany ($X), Poland ($X) and the UK ($X), together accounting for X% of total exports. Austria, Italy, Hungary and France lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Europe stood at $X per unit in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2021; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while France ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports in Europe

In 2023, overseas purchases of motor vehicles compression-ignition internal combustion piston engines were finally on the rise to reach X units for the first time since 2016, thus ending a six-year declining trend. In general, imports, however, recorded a pronounced decrease. The volume of import peaked at X units in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, internal combustion engines imports surged to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Germany (X units), Spain (X units), Poland (X units), the Czech Republic (X units), France (X units), Belgium (X units) and the UK (X units) was the major importer of motor vehicles compression-ignition internal combustion piston engines in Europe, creating X% of total import. Portugal (X units), Italy (X units), Russia (X units), Romania (X units), Slovakia (X units) and the Netherlands (X units) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported motor vehicles compression-ignition internal combustion piston engines in Europe, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

In Germany, internal combustion engines imports contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Spain (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2022 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform