The United Kingdom leads European exports of high-power marine propulsion engines, totaling 10.91 thousand items, yet experienced a 23.49% decline in 2023. France and Germany follow, with moderate growth of 10.18% and 4.69%, respectively. The strongest expansion came from Belgium, recording a 71.52% increase, and Greece, jumping by 197.83%. Other notable growth includes Spain (49.33%) and Portugal (82.06%). Several countries like Croatia, Malta, and Ireland had no variation, indicating stabilization or stagnation.
Future trends to watch include potential consolidation in major markets like the UK, and opportunities for growth in smaller countries showing recent gains, such as Greece and Belgium. Increased focus on greener technologies may also impact the sector, shifting demand towards more sustainable propulsion systems.
Top countries in Export of Marine Propulsion Compression-Ignition Internal Combustion Piston Engines of a Power More than 1 000 kW by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 10,910 | 2023 | +1.2% | -23.49% | View data |
| 2 | 2 France | 6,370 | 2023 | +8.87% | +10.18% | View data |
| 3 | 3 Germany | 1,920 | 2023 | -0.72% | +4.69% | View data |
| 4 | 4 Belgium | 1,840 | 2023 | +67.06% | +71.52% | View data |
| 5 | 5 Greece | 703 | 2023 | +26.44% | +197.83% | View data |
| 6 | 6 Spain | 401 | 2023 | +8.38% | +49.33% | View data |
| 7 | 7 Netherlands | 337 | 2023 | +5.31% | +24.43% | View data |
| 8 | 8 Portugal | 120 | 2023 | +3.45% | +82.06% | View data |
| 9 | 9 Finland | 101 | 2023 | +3.06% | +11.73% | View data |
| 10 | 10 Sweden | 65 | 2021 | +150% | +8.61% | View data |
