Diesel Engines (Other Than For Motor Vehicles And Aircraft) Market

The article analyzes the global market trends for diesel engines excluding motor vehicles and aircraft, with a projected increase in consumption and production over the next eight years. Key highlights include a CAGR of +3.9% in volume and +5.4% in value, top consuming countries like Japan, China, and the United States, as well as leading exporters such as China and India. Import prices and export prices also fluctuate, with compression-ignition internal combustion piston engines dominating both imports and exports.

Market Forecast

Driven by increasing demand for diesel engines (other than for motor vehicles and aircraft) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market volume to 11M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.4% for the period from 2022 to 2030, which is projected to bring the market value to $71.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Global consumption of diesel engines (other than for motor vehicles and aircraft) skyrocketed to 8M units in 2022, rising by 20% on the previous year's figure. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.4% against 2019 indices. Over the period under review, global consumption of reached the peak volume in 2022 and is likely to continue growth in the near future.

The revenue of the market for diesel engines (other than for motor vehicles and aircraft) worldwide skyrocketed to $46.9B in 2022, jumping by 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Japan (1.4M units), China (1.1M units) and the United States (629K units), together accounting for 39% of global consumption. The UK, Myanmar, Singapore, the Philippines, India, Mexico, Brazil, Portugal, Germany and Italy lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of aircraft), amongst the leading consuming countries, was attained by Portugal (with a CAGR of +53.2%), while aircraft) for the other global leaders experienced more modest paces of growth.

In value terms, China ($12.9B) led the market, alone. The second position in the ranking was held by Japan ($5.9B). It was followed by the United States.

In China, the market of diesel engines (other than for motor vehicles and aircraft) increased at an average annual rate of +9.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Japan (+10.4% per year) and the United States (+2.1% per year).

In 2022, the highest levels of per capita consumption of diesel engines (other than for motor vehicles and aircraft) was registered in Singapore (54 units per 1000 persons), followed by Portugal (21 units per 1000 persons), Japan (11 units per 1000 persons) and Myanmar (6.9 units per 1000 persons), while the world average per capita consumption of diesel engines (other than for motor vehicles and aircraft) was estimated at less than 0.1 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the per capita consumption of diesel engines (other than for motor vehicles and aircraft) in Singapore was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Portugal (+53.4% per year) and Japan (+9.8% per year).

Production

World Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) produced worldwide rose markedly to 7.9M units, with an increase of 12% against 2021 figures. The total output volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 28% against the previous year. Over the period under review, global production of reached the maximum volume at 8M units in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, production of diesel engines (other than for motor vehicles and aircraft) contracted slightly to $26.7B in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. As a result, production reached the peak level of $31.3B. From 2020 to 2022, global production of growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (2.3M units), Japan (1.6M units) and the UK (668K units), with a combined 58% share of global production. India, Singapore, Germany, Mexico, Italy, Portugal, Thailand, Indonesia and Brazil lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +16.2%), while aircraft) for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

In 2022, approx. 4M units of diesel engines (other than for motor vehicles and aircraft) were imported worldwide; increasing by 14% compared with 2021 figures. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) rose markedly to $17.6B in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Over the period under review, global imports of reached the maximum at $17.7B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, the United States (664K units), distantly followed by Myanmar (381K units), China (354K units), the Philippines (291K units) and Italy (209K units) represented the largest importers of diesel engines (other than for motor vehicles and aircraft), together creating 47% of total imports. France (165K units), India (142K units), Germany (134K units), Brazil (126K units), the UK (109K units), Turkey (87K units), Spain (79K units) and the United Arab Emirates (76K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +59.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) importing markets worldwide were the United States ($3.1B), China ($3.1B) and Italy ($852M), with a combined 40% share of global imports. Germany, Turkey, France, Brazil, the UK, the United Arab Emirates, Spain, India, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 24%.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion prevails in aircraft) structure, finishing at 3.7M units, which was near 92% of total imports in 2022. It was distantly followed by compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion (304K units), creating a 7.6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion imports of stood at +4.2%. At the same time, compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion (+4.2%) displayed positive paces of growth. Moreover, compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion emerged as the fastest-growing type imported in the world, with a CAGR of +4.2% from 2012-2022. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion ($14.6B) constitutes the largest type of diesel engines (other than for motor vehicles and aircraft) imported worldwide, comprising 83% of global imports. The second position in the ranking was held by compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion ($2.9B), with a 17% share of global imports.

For compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion, imports increased at an average annual rate of +1.0% over the period from 2012-2022.

Import Prices By Type

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $4,378 per unit, shrinking by -6.3% against the previous year. In general, the import price recorded a perceptible decline. The growth pace was the most rapid in 2016 when the average import price increased by 12%. Global import price peaked at $6,656 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion ($9,612 per unit), while the price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion stood at $3,949 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion (-3.1%).

Import Prices By Country

The average import price for diesel engines (other than for motor vehicles and aircraft) stood at $4,378 per unit in 2022, reducing by -6.3% against the previous year. Overall, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 12% against the previous year. Global import price peaked at $6,656 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($8,755 per unit), while Myanmar ($66 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Global exports of diesel engines (other than for motor vehicles and aircraft) reached 3.9M units in 2022, flattening at the previous year. Overall, exports, however, recorded a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. The global exports peaked at 4.8M units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) rose significantly to $18.4B in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. The global exports peaked at $19.6B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

China represented the major exporter of diesel engines (other than for motor vehicles and aircraft) in the world, with the volume of exports accounting for 1.5M units, which was approx. 39% of total exports in 2022. It was distantly followed by India (370K units), the UK (330K units), Italy (262K units), Japan (244K units), Germany (213K units) and Singapore (179K units), together constituting a 41% share of total exports.

Exports from China decreased at an average annual rate of -3.0% from 2012 to 2022. At the same time, Singapore (+18.5%), Germany (+3.1%) and India (+1.7%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.5% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Italy (-2.0%) and Japan (-10.6%) illustrated a downward trend over the same period. Singapore (+3.9 p.p.), India (+3 p.p.) and Germany (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while China and Japan saw its share reduced by -3.7% and -9.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($3.3B), the UK ($2.3B) and Germany ($2.3B) were the countries with the highest levels of exports in 2022, together comprising 43% of global exports. China, India, Italy and Singapore lagged somewhat behind, together comprising a further 19%.

India, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion was the major type of diesel engines (other than for motor vehicles and aircraft) in the world, with the volume of exports finishing at 3.5M units, which was near 89% of total exports in 2022. It was distantly followed by compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion (425K units), constituting an 11% share of total exports.

Exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion decreased at an average annual rate of -2.4% from 2012 to 2022. Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion experienced a relatively flat trend pattern. From 2012 to 2022, the share of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion increased by +2.7 percentage points.

In value terms, compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion ($15.4B) remains the largest type of diesel engines (other than for motor vehicles and aircraft) supplied worldwide, comprising 83% of global exports. The second position in the ranking was held by compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion ($3.1B), with a 17% share of global exports.

From 2012 to 2022, the average annual growth rate of the value of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion exports was relatively modest.

Export Prices By Type

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $4,726 per unit, picking up by 5.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $5,198 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion ($7,250 per unit), while the average price for exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion stood at $4,417 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion (+2.9%).

Export Prices By Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $4,726 per unit in 2022, with an increase of 5.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 when the average export price increased by 22% against the previous year. The global export price peaked at $5,198 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($13,534 per unit), while Singapore ($780 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform