In 2023, Japan remained the global leader in exporting marine propulsion spark-ignition engines, with a significant value share. The United States, despite a modest growth rate, maintained its position as the second-largest exporter. Austria faced a decline, whereas Canada saw an impressive growth in exports. Notable growth was observed in Poland and Greece with double-digit increases, while Mexico and Russia experienced significant contractions. South Korea's exports plummeted as well, contrasting with Peru's exceptional surge in percentage terms. The five-year CAGR highlights steady gains in several markets, indicative of an overall upward trend, albeit with regional volatility.
Future trends to watch for include advancements in eco-friendly propulsion technologies, which may shift export dynamics as countries adapt to stricter environmental regulations. Continued geopolitical tensions could also impact market stability. Exporters should monitor developments in emerging markets where demand for marine engines could increase as marine transportation expands.
Top countries in Export of Marine Propulsion Spark-Ignition Engines by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 243,180,000 | 2023 | +4.65% | +4.97% | View data |
| 2 | 2 United States | 78,496,000 | 2023 | +0.68% | +0.37% | View data |
| 3 | 3 Austria | 49,237,000 | 2023 | -5.54% | -6.42% | View data |
| 4 | 4 Canada | 32,100,000 | 2023 | +4.96% | +9.07% | View data |
| 5 | 5 Belgium | 23,577,000 | 2023 | +0.45% | +1.29% | View data |
| 6 | 6 Singapore | 17,267,000 | 2023 | +0.96% | -1.72% | View data |
| 7 | 7 Australia | 5,800,000 | 2023 | +3.98% | -0.12% | View data |
| 8 | 8 Spain | 4,512,300 | 2023 | +3.82% | +8.51% | View data |
| 9 | 9 Poland | 4,450,400 | 2023 | +6.62% | +14.57% | View data |
| 10 | 10 Sweden | 3,836,700 | 2023 | -8.37% | -9.16% | View data |
