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

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

In 2022, after two years of growth, there was significant decline in the East European market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), when its value decreased by X% to $X. Over the period under review, consumption showed a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in Eastern Europe

For the fourth year in a row, Eastern Europe recorded growth in shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), which increased by X% to X units in 2022. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, Poland (X units) was the major exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), achieving X% of total exports. It was distantly followed by Belarus (X units), comprising a X% share of total exports. Hungary (X units) held a little share of total exports.

Poland was also the fastest-growing in terms of the internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%) and Hungary (X%) displayed positive paces of growth. Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus and Hungary saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Poland ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports.

In Poland, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Belarus (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

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 Hungary ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in Eastern Europe

In 2022, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imported in Eastern Europe contracted markedly to X units, falling by X% on the previous year's figure. Overall, imports showed a mild decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the major importing country with an import of about X units, which reached X% of total imports. Slovakia (X units) ranks second in terms of the total imports with a X% share, followed by Poland (X%). The Czech Republic (X units), Belarus (X units), Ukraine (X units) and Romania (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) importing markets in Eastern Europe were Russia ($X), Poland ($X) and Slovakia ($X), together accounting for X% of total imports.

In terms of the main importing countries, Poland, 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, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 Romania ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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