CIS: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in CIS

The CIS motor vehicle engine market shrank to $X in 2022, falling by X% against the previous year. Over the period under review, consumption showed a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Motor Vehicle Engine Production in CIS

In value terms, motor vehicle engine production contracted sharply to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Motor Vehicle Engine Exports

Exports in CIS

For the third year in a row, the CIS recorded growth in overseas shipments of motor vehicle engines (spark-ignition), which increased by X% to X units in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, motor vehicle engine exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Russia (X units) represented the major exporter of motor vehicle engines (spark-ignition), making up X% of total exports. Uzbekistan (X units) took the second position in the ranking, distantly followed by Belarus (X units) and Armenia (X units). All these countries together took near X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Russia ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports in CIS

In 2022, purchases abroad of motor vehicle engines (spark-ignition) increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, motor vehicle engine imports rose remarkably to $X in 2022. Over the period under review, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the key importer of motor vehicle engines (spark-ignition) in the CIS, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by Kazakhstan (X units), Uzbekistan (X units) and Belarus (X units), together making up a X% share of total imports. Kyrgyzstan (X units) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.), Uzbekistan (X p.p.), Belarus (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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