Spain - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Spain - 2023
Contents:
- Motor Vehicle Engine Price in Spain (CIF) - 2023
- Motor Vehicle Engine Price in Spain (FOB) - 2023
- Motor Vehicle Engine Imports in Spain
- Motor Vehicle Engine Exports in Spain
Motor Vehicle Engine Price in Spain (CIF) - 2023
The average motor vehicle engine import price stood at $514 per unit in July 2023, remaining relatively unchanged against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The growth pace was the most rapid in December 2022 an increase of 26% m-o-m. As a result, import price attained the peak level of $664 per unit. From January 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($1,206 per unit), while the price for France ($284 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Price in Spain (FOB) - 2023
The average motor vehicle engine export price stood at $705 per unit in July 2023, rising by 20% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 41% against the previous month. As a result, the export price reached the peak level of $887 per unit. From December 2022 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($1,532 per unit), while the average price for exports to the United States ($265 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Vehicle Engine Imports in Spain
In 2022, the amount of motor vehicle engines (spark-ignition) imported into Spain surged to 105M units, increasing by 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, motor vehicle engine imports reached $1.9B in 2022. Over the period under review, imports, however, continue to indicate a perceptible setback. Over the period under review, imports reached the peak figure at $2B in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Motor Vehicle Engine in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 845 | 703 | 888 | 752 | -3.8% |
| Hungary | 308 | 342 | 279 | 419 | 10.8% |
| Mexico | 20.9 | 105 | 98.8 | 167 | 99.9% |
| Turkey | 1.5 | 69.6 | 106 | 113 | 322.3% |
| France | 255 | 232 | 74.0 | 111 | -24.2% |
| Czech Republic | 184 | 76.0 | 62.3 | 90.1 | -21.2% |
| United States | 99.8 | 120 | 80.6 | 68.1 | -12.0% |
| Poland | 74.8 | 77.3 | 66.9 | 56.0 | -9.2% |
| United Kingdom | 190 | 105 | 13.3 | 44.9 | -38.2% |
| Others | 64.8 | 46.5 | 48.7 | 45.1 | -11.4% |
| Total | 2,044 | 1,875 | 1,717 | 1,865 | -3.0% |
Top Suppliers of Motor Vehicle Engine to Spain in 2022:
- Germany (33.1M units)
- Hungary (24.3M units)
- Mexico (14.4M units)
- France (13.0M units)
- Turkey (5.8M units)
- Czech Republic (5.3M units)
- United Kingdom (2.7M units)
- United States (2.2M units)
- Poland (2.0M units)
Motor Vehicle Engine Exports in Spain
In 2022, after two years of decline, there was significant growth in overseas shipments of motor vehicle engines (spark-ignition), when their volume increased by 39% to 66M units. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports reached the peak figure at 88M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, motor vehicle engine exports soared to $1.5B in 2022. In general, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Motor Vehicle Engine in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 321 | 250 | 256 | 790 | 35.0% |
| Canada | 389 | 255 | 223 | 279 | -10.5% |
| United States | 147 | 145 | 151 | 117 | -7.3% |
| Turkey | 79.9 | 112 | 86.5 | 98.9 | 7.4% |
| Mexico | 97.8 | 49.3 | 51.2 | 92.1 | -2.0% |
| Brazil | 0.3 | 0.7 | N/A | 61.2 | 488.7% |
| France | 129 | 12.7 | 62.0 | 23.7 | -43.2% |
| Romania | 134 | 38.4 | 1.1 | 6.7 | -63.2% |
| Others | 127 | 84.6 | 104 | 73.5 | -16.7% |
| Total | 1,425 | 947 | 935 | 1,542 | 2.7% |
Top Export Markets for Motor Vehicle Engine from Spain in 2022:
- Morocco (17.1M units)
- Canada (16.8M units)
- United States (9.5M units)
- Mexico (5.5M units)
- Turkey (4.5M units)
- Brazil (4.0M units)
- France (1.5M units)
- Romania (0.6M units)
This report provides an in-depth analysis of the motor vehicle engine market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
-
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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