Ireland - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Ireland - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights

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Motor Vehicle Engine Price in Ireland - 2023

Contents:

  1. Motor Vehicle Engine Price in Ireland (CIF) - 2023
  2. Motor Vehicle Engine Price in Ireland (FOB) - 2022
  3. Motor Vehicle Engine Imports in Ireland
  4. Motor Vehicle Engine Exports in Ireland

Motor Vehicle Engine Price in Ireland (CIF) - 2023

The average motor vehicle engine import price stood at $416 per unit in July 2023, declining by -18.6% against the previous month. Over the period under review, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in September 2022 an increase of 53% m-o-m. As a result, import price reached the peak level of $723 per unit. From October 2022 to July 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($685 per unit), while the price for Sweden ($124 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Motor Vehicle Engine Price in Ireland (FOB) - 2022

In 2022, the average motor vehicle engine export price amounted to $5.2 per unit, with an increase of 192% against the previous year. In general, the export price continues to indicate prominent growth. The export price peaked at $5.8 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($21 per unit), while the average price for exports to Ghana ($2.5 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 Nigeria (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports in Ireland

Motor vehicle engine imports into Ireland dropped rapidly to 165K units in 2022, shrinking by -27.1% on the previous year. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Imports peaked at 313K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle engine imports soared to $2.8M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Motor Vehicle Engine in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom1,0361,0921,5421,81520.6%
Belgium1.86.1124468538.3%
South Korea98.4N/A11915215.6%
Malaysia0.521.470.078.9440.4%
Sweden79.764.821.834.0-24.7%
Spain39.5N/A0.119.7-20.7%
Germany2813896.111.2-65.8%
France21067.3N/A2.7-76.6%
Japan1870.824.72.0-78.0%
Others11939.443517914.6%
Total2,0521,6802,3422,76210.4%

Top Suppliers of Motor Vehicle Engine to Ireland in 2022:

  1. United Kingdom (106.5K units)
  2. Belgium (14.6K units)
  3. Malaysia (10.7K units)
  4. Spain (10.1K units)
  5. Sweden (7.5K units)
  6. South Korea (6.9K units)
  7. Germany (0.5K units)
  8. Japan (0.4K units)
  9. France (0.1K units)

Motor Vehicle Engine Exports in Ireland

In 2022, motor vehicle engine exports from Ireland reduced markedly to 91K units, declining by -77.4% on the year before. Over the period under review, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 517%. As a result, the exports attained the peak of 403K units, and then shrank significantly in the following year.

In value terms, motor vehicle engine exports reduced dramatically to $477K in 2022. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 300% against the previous year. As a result, the exports attained the peak of $723K, and then declined sharply in the following year.

Export of Motor Vehicle Engine in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa3.126.2232294356.0%
United Kingdom71.07.413014526.9%
Ghana12.8N/A1502.4-42.8%
Cote d'Ivoire14.3N/A89.8N/A150.6%
Iraq11510565.5N/A-24.5%
KyrgyzstanN/A10.4N/AN/A0%
Others10931.955.536.0-30.9%
Total32618172347713.5%

Top Export Markets for Motor Vehicle Engine from Ireland in 2022:

  1. South Africa (68.9K units)
  2. United Kingdom (19.0K units)
  3. Ghana (1.0K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the motor vehicle engine market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
  • Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Ireland
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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