Asia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Asia

In 2022, the Asian market for diesel engines (other than for motor vehicles and aircraft) was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The total consumption indicated buoyant growth 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of diesel engines (other than for motor vehicles and aircraft) fell to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

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

Exports in Asia

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported in Asia; waning by X% on 2021. In general, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) amounted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China represented the largest exporter of diesel engines (other than for motor vehicles and aircraft) in Asia, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. India (X units) ranks second in terms of the total exports with a X% share, followed by Japan (X%) and Singapore (X%). South Korea (X units), Thailand (X units) and the United Arab Emirates (X units) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Singapore (X%), Thailand (X%) and India (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.), India (X p.p.), Thailand (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, picking up by X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price 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, export price for diesel engines (other than for motor vehicles and aircraft) increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

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

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

Imports in Asia

In 2022, imports of diesel engines (other than for motor vehicles and aircraft) in Asia amounted to X units, growing by X% on the year before. Total imports indicated strong 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 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) expanded to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Myanmar (X units), China (X units) and the Philippines (X units) represented roughly X% of total imports in 2022. India (X units) ranks next in terms of the total imports with an X% share, followed by Turkey (X%). The following importers - the United Arab Emirates (X units), Malaysia (X units), South Korea (X units), Saudi Arabia (X units), Japan (X units), Thailand (X units), Pakistan (X units) and Lebanon (X units) - together made up X% of total imports.

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

In value terms, China ($X) constitutes the largest market for imported diesel engines (other than for motor vehicles and aircraft) in Asia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 South Korea ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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