EU: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in the EU

For the third consecutive year, the EU non-propelled vehicle market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption saw a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Propelled Vehicle Production in the EU

In value terms, non-propelled vehicle production shrank to $X in 2022 estimated in export price. In general, production saw a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Non-Propelled Vehicle Exports

Exports in the EU

In 2022, approx. X units of vehicles not mechanically propelled were exported in the European Union; waning by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined slightly in the following year.

In value terms, non-propelled vehicle exports rose modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Germany (X units) was the major exporter of vehicles not mechanically propelled, committing X% of total exports. Poland (X units) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%), the Czech Republic (X%) and France (X%). Belgium (X units), Italy (X units), Sweden (X units), Finland (X units), Spain (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-propelled vehicle exports from Germany stood at X%. At the same time, Spain (X%), Belgium (X%), Poland (X%), the Netherlands (X%), Finland (X%), the Czech Republic (X%), France (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Romania (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Poland (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Romania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest non-propelled vehicle supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

In Germany, non-propelled vehicle exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood 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 Italy ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Non-Propelled Vehicle Imports

Imports in the EU

After six years of growth, overseas purchases of vehicles not mechanically propelled decreased by X% to X units in 2022. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, non-propelled vehicle imports declined slightly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Germany (X units), distantly followed by France (X units), the Netherlands (X units), Belgium (X units), Italy (X units) and Spain (X units) were the major importers of vehicles not mechanically propelled, together creating X% of total imports. The following importers - Sweden (X units), Poland (X units), Austria (X units), Romania (X units), Denmark (X units), Finland (X units) and Portugal (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (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 Netherlands ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Italy, Spain, Belgium, Sweden, Austria, Poland, Denmark, Romania, Finland and Portugal lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Portugal, 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 the European Union amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 Austria ($X per unit), while Belgium ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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