In 2023, Belgium led the European export of marine propulsion spark-ignition engines with a strong showing, while Spain demonstrated substantial growth of 71.36%. The United Kingdom experienced a notable increase of 29.93%. Countries like Germany, Poland, and Romania also indicated positive trends. Conversely, Italy and Hungary faced declines, and Cyprus saw exports fall dramatically to zero. Overall, the CAGR over the last five years shows varied dynamics across the region, highlighting both mature markets and emerging entrants. The negative growth in the Netherlands suggests potential market saturation or competitive challenges.
Future trends to watch includes:
- Continued technological advancement and sustainable production focusing on eco-friendly engines.
- Market shifts in response to environmental regulations and policy changes.
- Potential growth in smaller economies aiming to capture niche markets or benefit from increased global demand.
Top countries in Export of Marine Propulsion Spark-Ignition Engines by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 527,270 | 2023 | +3.14% | +3.14% | View data |
| 2 | 2 Spain | 246,810 | 2023 | +0.51% | +71.36% | View data |
| 3 | 3 United Kingdom | 77,920 | 2023 | +0.5% | +29.93% | View data |
| 4 | 4 Netherlands | 74,400 | 2023 | -1.14% | -3.23% | View data |
| 5 | 5 Austria | 68,710 | 2023 | +3.94% | +3.54% | View data |
| 6 | 6 Germany | 48,370 | 2023 | -3.53% | +9.54% | View data |
| 7 | 7 Poland | 20,360 | 2023 | +5.66% | +55.41% | View data |
| 8 | 8 Italy | 14,980 | 2023 | -58.96% | -29.78% | View data |
| 9 | 9 France | 9,340 | 2023 | -23.24% | -7.91% | View data |
| 10 | 10 Sweden | 6,970 | 2023 | +0.65% | +13.7% | View data |
