Czech Republic: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in the Czech Republic

In 2022, the Czech motor vehicle engine market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Motor Vehicle Engine Production in the Czech Republic

In value terms, motor vehicle engine production surged to $X in 2022 estimated in export price. In general, production, however, recorded a drastic downturn. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Motor Vehicle Engine Exports

Exports from the Czech Republic

In 2022, overseas shipments of motor vehicle engines (spark-ignition) decreased by X% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle engine exports shrank markedly to $X in 2022. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for motor vehicle engine exports from the Czech Republic, with a X% share of total exports. Moreover, motor vehicle engine exports to Spain exceeded the volume sent to the second major destination, South Africa (X units), twofold. The third position in this ranking was held by Slovakia (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Slovakia (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for motor vehicle engines (spark-ignition) exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average motor vehicle engine export price amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into the Czech Republic

In 2022, overseas purchases of motor vehicle engines (spark-ignition) were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, motor vehicle engine imports dropped modestly to $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X units), Germany (X units) and Hungary (X units) were the main suppliers of motor vehicle engine imports to the Czech Republic, with a combined X% share of total imports. South Korea, China and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest motor vehicle engine suppliers to the Czech Republic were Germany ($X), Poland ($X) and Hungary ($X), together comprising X% of total imports. South Korea, China and Slovakia lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motor vehicle engine import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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