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

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

The Asian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) shrank sharply to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, recorded a modest expansion. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Asia

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached $X in 2022 estimated in export price. Over the period under review, production saw a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), when their volume decreased by X% to X units. Total exports indicated a resilient expansion 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then reduced in the following year.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of around X units, which amounted to X% of total exports. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Japan (X%).

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Japan (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, Japan ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

In Japan, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a mild slump. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($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 mixed trends in the export price figures.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in Asia

In 2022, approx. X units of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were imported in Asia; reducing by X% on the year before. Over the period under review, imports, however, showed perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then reduced notably in the following year.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Malaysia (X units) and China (X units) were the largest importers of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Asia, together creating X% of total imports. Vietnam (X units) took the next position in the ranking, followed by Azerbaijan (X units), Japan (X units), Thailand (X units) and Indonesia (X units). All these countries together took near X% share of total imports. The Philippines (X units), Bahrain (X units), Turkey (X units), South Korea (X units), Pakistan (X units) and Myanmar (X units) followed a long way behind the leaders.

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

In value terms, China ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with an X% share of total imports. It was followed by Malaysia, with an X% share.

In China, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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