World - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
Germany’s Motor Vehicle Engine Exports Showed Impressive Growth in 2014
Germany dominates in the global motor vehicle engine trade. In 2014, Germany exported 2,574 thousand motor vehicle engines totaling 5,311 million USD, 36% over the previous year. Its primary trading partner was the U.S., where it supplied 23% of its total motor vehicle engine exports in value terms, accounting for 13% of the U.S.'s total imports.
From 2007 to 2012, Germany was a net importer of motor vehicle engines. Over this period, exports consistently exceeded imports in value terms. In physical terms, from 2007-2012, the difference was less pronounced. Due to imports price growth in 2013, the variance between exports and imports increased and became more evident. In 2013-2014, the situation flipped with imports outpacing exports.
The U.S. and Hungary were among the other main global suppliers of motor vehicle engines in 2014. However, the fastest growing exporters from 2007 to 2014 were Spain (+18% per year) and Mexico (+12% per year).
Germany's top 5 trading partners in 2014 were the U.S., Spain, Turkey, the United Kingdom and Hungary, with a combined 59% share of Germany's motor vehicle engine exports. The share of Spain increased (+7 percentage points), while the share of Turkey illustrated negative dynamics (-9 percentage points).
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global motor vehicle engine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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