Europe: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Europe

The Europe petroleum-engine cargo trucks market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Petroleum-Engine Cargo Trucks Production in Europe

In value terms, petroleum-engine cargo trucks production rose markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Petroleum-Engine Cargo Trucks Exports

Exports in Europe

In 2022, after six years of growth, there was significant decline in overseas shipments of goods vehicles, with spark-ignition internal combustion piston engine, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, petroleum-engine cargo trucks exports declined to $X in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Spain was the major exporter of goods vehicles, with spark-ignition internal combustion piston engine in Europe, with the volume of exports amounting to X units, which was near X% of total exports in 2022. France (X units) took the second position in the ranking, followed by Poland (X units), the Netherlands (X units) and Belgium (X units). All these countries together held approx. X% share of total exports. Germany (X units), Slovakia (X units), Denmark (X units), Slovenia (X units), Italy (X units), Portugal (X units) and Switzerland (X units) followed a long way behind the leaders.

Exports from Spain increased at an average annual rate of X% from 2012 to 2022. At the same time, Slovenia (X%), Portugal (X%), Slovakia (X%), Denmark (X%), the Netherlands (X%), Poland (X%), France (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Italy (X%) and Switzerland (X%) illustrated a downward trend over the same period. Spain (X p.p.), Poland (X p.p.), the Netherlands (X p.p.), Slovakia (X p.p.), Denmark (X p.p.), Slovenia (X p.p.) and Portugal (X p.p.) significantly strengthened its position in terms of the total exports, while Germany, Switzerland, Italy and Belgium saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest petroleum-engine cargo trucks supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In Spain, petroleum-engine cargo trucks exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Netherlands ($X per unit), while Switzerland ($X per unit) was amongst the lowest.

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

Petroleum-Engine Cargo Trucks Imports

Imports in Europe

In 2022, purchases abroad of goods vehicles, with spark-ignition internal combustion piston engine decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted markedly in the following year.

In value terms, petroleum-engine cargo trucks imports contracted notably to $X in 2022. Over the period under review, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

The countries with the highest levels of petroleum-engine cargo trucks imports in 2022 were Germany (X units), France (X units), Ireland (X units) and Belgium (X units), together accounting for X% of total import. Italy (X units) held the next position in the ranking, followed by Spain (X units) and the Netherlands (X units). All these countries together held near X% share of total imports. Sweden (X units), the UK (X units), Slovenia (X units), Poland (X units), Denmark (X units) and Slovakia (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Belgium, the Netherlands, Sweden, Italy, Poland, Spain, Denmark, Slovakia, Slovenia and Ireland lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Slovenia, with a CAGR of X%, saw 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

In 2022, the import price in Europe amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a abrupt contraction. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per unit), while Ireland ($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 UK (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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