China - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in China - 2023
Contents:
- Motor Vehicle Engine Price in China (FOB) - 2023
- Motor Vehicle Engine Price in China (CIF) - 2023
- Motor Vehicle Engine Exports in China
- Motor Vehicle Engine Imports in China
Motor Vehicle Engine Price in China (FOB) - 2023
In June 2023, the average motor vehicle engine export price amounted to $460 per unit, with an increase of 2.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in July 2022 an increase of 33% m-o-m. Over the period under review, the average export prices reached the peak figure at $596 per unit in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was India ($1,556 per unit), while the average price for exports to Pakistan ($95.2 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Vehicle Engine Price in China (CIF) - 2023
The average motor vehicle engine import price stood at $3,099 per unit in June 2023, surging by 14% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 41% m-o-m. As a result, import price attained the peak level of $3,334 per unit; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Hungary ($7,286 per unit), while the price for France ($2,282 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Exports in China
After three years of growth, overseas shipments of motor vehicle engines (spark-ignition) decreased by -14.2% to 100M units in 2022. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 31%. As a result, the exports attained the peak of 116M units, and then declined in the following year.
In value terms, motor vehicle engine exports declined markedly to $1.5B in 2022. Overall, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $1.8B, and then fell sharply in the following year.
| Export of Motor Vehicle Engine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 73.4 | 62.2 | 162 | 221 | 44.4% |
| Iran | 43.3 | 93.3 | 87.1 | 175 | 59.3% |
| United Kingdom | 12.9 | 54.6 | 75.1 | 95.4 | 94.8% |
| Taiwan (Chinese) | 64.4 | 71.3 | 101 | 95.1 | 13.9% |
| Belgium | 27.1 | 109 | 195 | 89.0 | 48.6% |
| Vietnam | 67.8 | 110 | 140 | 81.6 | 6.4% |
| United States | 69.3 | 45.0 | 63.3 | 64.5 | -2.4% |
| Germany | 85.9 | 63.3 | 45.7 | 60.8 | -10.9% |
| Russia | 328 | 340 | 339 | 47.6 | -47.4% |
| Turkey | 9.8 | 9.5 | 27.5 | 47.0 | 68.6% |
| Czech Republic | 102 | 41.5 | 43.0 | 38.2 | -27.9% |
| Italy | 20.3 | 13.6 | 31.1 | 31.2 | 15.4% |
| Indonesia | 34.7 | 12.9 | 29.6 | 23.7 | -11.9% |
| Others | 725 | 336 | 438 | 404 | -17.7% |
| Total | 1,663 | 1,362 | 1,777 | 1,475 | -3.9% |
Top Export Markets for Motor Vehicle Engine from China in 2022:
- Iran (13.8M units)
- India (12.7M units)
- Taiwan (Chinese) (7.3M units)
- Vietnam (6.5M units)
- United States (5.6M units)
- Belgium (5.1M units)
- Turkey (3.7M units)
- Russia (3.5M units)
- United Kingdom (3.4M units)
- Indonesia (2.8M units)
- Germany (2.8M units)
- Czech Republic (2.5M units)
- Italy (2.3M units)
Motor Vehicle Engine Imports in China
In 2022, motor vehicle engine imports into China dropped rapidly to 23M units, shrinking by -58.5% against the previous year. Overall, imports continue to indicate a sharp contraction. The smallest decline of -28.7% was in 2020. Imports peaked at 124M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, motor vehicle engine imports dropped sharply to $578M in 2022. In general, imports saw a dramatic setback. The smallest decline of -23.9% was in 2020. Imports peaked at $2.2B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Motor Vehicle Engine in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,373 | 1,283 | 707 | 225 | -45.3% |
| Germany | 367 | 52.0 | 72.2 | 125 | -30.2% |
| Austria | 45.6 | 1.6 | 2.2 | 60.8 | 10.1% |
| Hungary | 30.2 | 46.2 | 80.8 | 54.0 | 21.4% |
| Sweden | 94.4 | 151 | 112 | 46.5 | -21.0% |
| France | 1.8 | 1.5 | 18.3 | 26.9 | 146.3% |
| South Korea | 81.3 | 6.6 | 33.1 | 16.1 | -41.7% |
| United States | 54.9 | 82.0 | 106 | 5.6 | -53.3% |
| Others | 117 | 24.2 | 20.2 | 18.4 | -46.0% |
| Total | 2,166 | 1,648 | 1,152 | 578 | -35.6% |
Top Suppliers of Motor Vehicle Engine to China in 2022:
- Japan (11.1M units)
- Germany (2.9M units)
- Austria (2.8M units)
- Sweden (1.9M units)
- France (1.4M units)
- Hungary (1.3M units)
- South Korea (0.6M units)
- United States (0.2M units)
This report provides an in-depth analysis of the motor vehicle engine market in China. 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 2030.
Product coverage:
- Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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