Which Country Imports the Most Internal Combustion Engines in the World?

Engines And Turbines May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Imports the Most Internal Combustion Engines in the World?

IndexBox has just published a new report "World: Interchangeable Tools For Hand Tools ; Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global interchangeable tool imports amounted to 1.1M tonnes, going down by ;1.8% against the previous year level. In general, interchangeable tool imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when import increased by 7% against the previous year level. Over the period under review, global interchangeable tool imports reached its maximum volume of 1.1M tonnes in 2015, falling back in the following year.

In value terms, interchangeable tool imports amounted to $20B in 2016. The total import value increased at an average annual rate of +1.9% over the period from 2007 to 2016; the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, global interchangeable tool imports reached its maximum level of $22B in 2014; however, from 2015 to 2016, it failed to regain its strength.

Top Interchangeable Tool Importing Countries in the World

1. Germany (1,897.2 million USD)

2. China (1,495.5 million USD)

3. France (650.3 million USD)

4. Japan (509.1 million USD)

5. Russia (501.4 million USD)

6. Italy (485.0 million USD)

7. United Kingdom (475.4 million USD)

8. India (451.6 million USD)

9. Spain (386.6 million USD)

10. Czech Republic (330.6 million USD)

11. South Korea (278.2 million USD)

Interchangeable Tool Imports By Country

In 2016, China (242K tonnes), distantly followed by Germany (107K tonnes), South Korea (102K tonnes), and Japan (87K tonnes) were the key importers of interchangeable tool, together committing 49% of total imports. The following importers ; Spain (48K tonnes), Italy (37K tonnes), the UK (34K tonnes), France (30K tonnes), Russia (29K tonnes), Czech Republic (19K tonnes), and India (19K tonnes) together made up 20% of total imports.

China experienced a relatively flat trend pattern. At the same time, Russia (+4.6%), Czech Republic (+4.3%), Spain (+3.2%), France (+3.0%), Germany (+2.6%), India (+2.5%), and the UK (+1.0%) displayed positive paces of growth. Moreover, Russia emerged as the fastest growing importer/exporter in the world, with a CAGR of +4.6% from 2007;2016. Japan, South Korea, and Italy experienced a relatively flat trend pattern. While the share of Germany (;2.0%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($1.9B), China ($1.5B) and France ($650M) were the countries with the highest levels of imports in 2016, with a combined 21% share of global imports. These countries were followed by Japan, Russia, Italy, the UK, India, Spain, Czech Republic and South Korea, which together accounted for a further 17%.

Russia (+8.0% per year) experienced the highest rates of growth with regard to the interchangeable tool imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Interchangeable Tool Import Prices By Country

The average interchangeable tool import price stood at $18 per kg in 2016, going down by ;1.7% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +2.0%.The most prominent rate of growth was recorded in 2008, when import increased by 20% against the previous year level. Global interchangeable tool import peaked of $20 per kg in 2013; however, from 2014 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was India ($24 per kg), while South Korea ($2,720 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of interchangeable tool import prices was attained by Russia (+3.3% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global interchangeable tool market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • interchangeable tool market share
  • interchangeable tool prices
  • interchangeable tool industry
  • interchangeable tool sales
  • interchangeable tool import
  • interchangeable tool export
  • interchangeable tool market forecast
  • interchangeable tool price forecast
  • key interchangeable tool producers

All data provided in this article covers the following product: HS Code 8207 ; Tools, interchangeable; for hand tools, whether or not power;operated, or for machine tools (pressing, stamping, punching, drilling etc), including dies for drawing or extruding metal, and rock drilling or earth boring tools.

Source: World: Interchangeable Tools For Hand Tools ; Market Report. Analysis and Forecast to 2025"

"IndexBox has just published a new report "World: Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of internal combustion engine imported worldwide stood at 6M tonnes, growing by 7% against the previous year figure. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, internal combustion engine imports increased by +81.5% against its level of 2009. The pace of growth was the most pronounced in 2010, when it surged by 18% from the previous year level. Global internal combustion engine import peaked in 2016, and are likely to continue its growth in the near future.

In value terms, internal combustion engine imports stood at $41B in 2016. In general, internal combustion engine imports continue to indicate a relatively flat trend pattern. Over the period under review, global internal combustion engine imports attained its maximum level of $45B in 2014- however, from 2015 to 2016, it failed to regain its strength.

Top Internal Combustion Engine Importing Countries in the World

1. USA (11.1 billion USD)

2. Canada (4.9 billion USD)

3. Germany (3.2 billion USD)

4. Mexico (2.2 billion USD)

5. China (2.2 billion USD)

6. Belgium (0.8 billion USD)

7. Japan (0.8 billion USD)

8. Thailand (0.6 billion USD)

9. United Kingdom (0.6 billion USD)

10. Hungary (0.6 billion USD)

11. Austria (0.2 billion USD)

12. Ukraine (0.0 billion USD)

Internal Combustion Engine Imports By Country

The U.S. (1.5M tonnes) represented the key importer of internal combustion engine in the world, finishing at 1.5M tonnes, which was approx. 25% of total imports in 2016. It was distantly followed by China (542K tonnes), Japan (536K tonnes), Canada (281K tonnes), and Germany (274K tonnes), together mixed up 27% share of total internal combustion engine imports. The following importers - Mexico (240K tonnes), Belgium (227K tonnes), the UK (223K tonnes), Hungary (212K tonnes), Ukraine (182K tonnes), Austria (161K tonnes), and Thailand (140K tonnes) together made up 23% of total imports.

Imports into the U.S. increased at an average annual rate of +18.9% from 2007 to 2016. At the same time, China (+24.1%), Belgium (+21.8%), Ukraine (+17.3%), Mexico (+9.6%), Thailand (+8.2%), and Canada (+4.5%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer/exporter in the world, with a CAGR of +24.1% from 2007-2016. Hungary, Germany, Japan, and Austria experienced a relatively flat trend pattern. By contrast, the UK (-1.4%) illustrated a downward trend over the same period. From 2007 to 2016, the share of Canada, Mexico, Ukraine, Belgium, China, and the U.S. decreased by -1.5%, -2.2%, -2.3%, -3.1%, -7.7%, and -20.0% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($11B) constitutes the largest market for imported internal combustion engine worldwide, making up 27% of global imports. The second position in the ranking was occupied by Canada ($4.9B), with the share of 12% of global imports. It was followed by Germany, with the share of 8%.

From 2007 to 2016, the average annual growth rate of value of internal combustion engine imports in the U.S. stood at +2.4%. The remaining importing countries recorded the following average annual rates: Canada (-1.7% per year) and Germany (-4.6% per year).

Internal Combustion Engine Import Prices By Country

The average internal combustion engine import price stood at $6,789 per tonne in 2016, declining by -5.3% against the previous year. Overall, internal combustion engine import price continues to indicate a drastic decrease. The pace of growth was the most pronounced in 2010, when import increased by 10% y-o-y. Over the period under review, average internal combustion engine import price reached its maximum level of $12 per kg in 2007- however, from 2008 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Canada ($17 per kg), while Ukraine ($42 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of internal combustion engine import prices was attained by Hungary (+8.7% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global internal combustion engine market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • internal combustion engine market share
  • internal combustion engine prices
  • internal combustion engine industry
  • internal combustion engine sales
  • internal combustion engine import
  • internal combustion engine export
  • internal combustion engine market forecast
  • internal combustion engine price forecast
  • key internal combustion engine producers

All data provided in this article covers the following product: HS Code 8407 - Reciprocating or rotary internal combustion piston engines.

Source: World: Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) - Market Report. Analysis and Forecast to 2025