Estonia: Internal Combustion Engines Market Overview 2020

Internal Combustion Engines Market Size in Estonia

The revenue of the internal combustion engines market in Estonia amounted to $X in 2018, coming down by -X% against the previous year. Overall, internal combustion engines consumption continues to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, the internal combustion engines market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Internal Combustion Engines Production in Estonia

In value terms, internal combustion engines production stood at $X in 2018 estimated in export prices. Overall, internal combustion engines production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2011 when production volume increased by X% year-to-year. Estonia internal combustion engines production peaked at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Internal Combustion Engines Exports

Exports from Estonia

Internal combustion engines exports from Estonia amounted to X units in 2018, reducing by -X% against the previous year. Over the period under review, internal combustion engines exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, internal combustion engines exports attained their maximum at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, internal combustion engines exports amounted to $X in 2018. Over the period under review, internal combustion engines exports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, internal combustion engines exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, the UK (X units), Hungary (X units), France (X units), Poland (X units), the U.S. (X units), Germany (X units), Italy (X units), Japan (X units), Austria (X units), Spain (X units), Sweden (X units) and Thailand (X units) were the main exporters of motor vehicles compression-ignition internal combustion piston engines in the world, achieving X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Thailand, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Hungary, Austria, the UK, Sweden, Poland, Italy, Thailand, Japan, Spain and Estonia lagged somewhat behind, together comprising a further X recorded the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the internal combustion engines export price in Estonia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, internal combustion engines export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. Over the period under review, the export prices for motor vehicles compression-ignition internal combustion piston engines attained their maximum at $X per unit in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Estonia

In 2018, approx. X units of motor vehicles compression-ignition internal combustion piston engines were imported into Estonia; shrinking by -X% against the previous year. Over the period under review, internal combustion engines imports continue to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, internal combustion engines imports reached their maximum at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, internal combustion engines imports totaled $X in 2018. Over the period under review, internal combustion engines imports continue to indicate a drastic reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. In that year, internal combustion engines imports reached their peak of $X. From 2015 to 2018, the growth of internal combustion engines imports remained at a somewhat lower figure.

Imports by Country

In 2018, Germany (X units), distantly followed by Mexico (X units), the U.S. (X units), Turkey (X units), the UK (X units) and the Czech Republic (X units) were the major importers of motor vehicles compression-ignition internal combustion piston engines, together creating X% of total imports. Spain (X units), Italy (X units), France (X units), Argentina (X units), Romania (X units) and Russia (X units) held a relatively small share of total imports.

Imports into Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), Argentina (+X%), the U.S. (+X%), Russia (+X%), the Czech Republic (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), the UK (-X%), Spain (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, the U.S., the Czech Republic, Germany and Argentina increased by +X%, +X%, +X%, +X% and +X% percentage points, while Spain (-X p.p.), the UK (-X p.p.) and France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Germany ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Spain, Turkey, the Czech Republic, the UK, France, Italy, Russia, Argentina, Romania and Estonia, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the internal combustion engines import price in Estonia amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the internal combustion engines import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. Estonia import price peaked at $X per unit in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Mexico ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform