Eastern Europe: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Eastern Europe

In 2022, the East European market for diesel engines (other than for motor vehicles and aircraft) decreased by X% to $X, falling for the third year in a row after four years of growth. The total consumption indicated modest growth 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. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Eastern Europe

In value terms, production of diesel engines (other than for motor vehicles and aircraft) reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports in Eastern Europe

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) exported in Eastern Europe shrank remarkably to X units, declining by X% compared with the previous year's figure. Overall, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) contracted significantly to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Poland (X units) represented the key exporter of diesel engines (other than for motor vehicles and aircraft), making up X% of total exports. Slovakia (X units) ranks second in terms of the total exports with an X% share, followed by Lithuania (X%), Belarus (X%) and Russia (X%). Bulgaria (X units) and the Czech Republic (X units) took a little share of total exports.

Poland was also the fastest-growing in terms of the diesel engines (other than for motor vehicles and aircraft) exports, with a CAGR of X% from 2012 to 2022. At the same time, Lithuania (X%) and Bulgaria (X%) displayed positive paces of growth. By contrast, Belarus (X%), the Czech Republic (X%), Slovakia (X%) and Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Lithuania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) supplying countries in Eastern Europe were Poland ($X), Lithuania ($X) and Belarus ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 Eastern Europe amounted to $X per unit, which is down by X% against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the Czech Republic ($X per unit), while Poland ($X per unit) was amongst the lowest.

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

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports in Eastern Europe

In 2022, after five years of growth, there was significant decline in overseas purchases of diesel engines (other than for motor vehicles and aircraft), when their volume decreased by X% to X units. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) declined dramatically to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

The Czech Republic was the largest importer of diesel engines (other than for motor vehicles and aircraft) in Eastern Europe, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Poland (X units) took the second position in the ranking, followed by Russia (X units), Belarus (X units), Slovakia (X units) and Romania (X units). All these countries together took approx. X% share of total imports. Bulgaria (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to diesel engines (other than for motor vehicles and aircraft) imports into the Czech Republic stood at X%. At the same time, Slovakia (X%), Bulgaria (X%), Belarus (X%), Poland (X%), Romania (X%) and Russia (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the Czech Republic, Slovakia and Bulgaria increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), the Czech Republic ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Romania, Belarus, Slovakia and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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