Germany: Market for Equipment For Internal Combustion Engines 2024

Market Size for Equipment For Internal Combustion Engines in Germany

The German internal combustion engine equipment market expanded sharply to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw a mild increase. Internal combustion engine equipment consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Equipment For Internal Combustion Engines in Germany

In value terms, internal combustion engine equipment production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Equipment For Internal Combustion Engines

Exports from Germany

In 2022, exports of equipment for internal combustion engines from Germany declined to X units, falling by X% compared with the previous year. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, internal combustion engine equipment exports declined to $X in 2022. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for internal combustion engine equipment exports from Germany, accounting for a X% share of total exports. Moreover, internal combustion engine equipment exports to the United States exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and China (X% per year).

In value terms, the United States ($X), Poland ($X) and Italy ($X) constituted the largest markets for internal combustion engine equipment exported from Germany worldwide, with a combined X% share of total exports. France, the UK, Austria, Spain, China, Turkey, Hungary, Romania, Brazil and Malaysia lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average internal combustion engine equipment export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to China ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Internal Combustion Engines

Imports into Germany

In 2022, supplies from abroad of equipment for internal combustion engines increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, internal combustion engine equipment imports fell to $X in 2022. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X units), France (X units) and Taiwan (Chinese) (X units) were the main suppliers of internal combustion engine equipment imports to Germany, together comprising X% of total imports. China, the Philippines, Slovenia, India, Italy and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (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 equipment suppliers to Germany were France ($X), the Netherlands ($X) and Slovenia ($X), together accounting for X% of total imports. The Philippines, India, China, Taiwan (Chinese), Japan and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Philippines, with a CAGR of X%, recorded the highest growth rate of 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 average internal combustion engine equipment import price amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price, however, recorded pronounced growth. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform