Asia-Pacific: 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-Pacific

The Asia-Pacific market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached $X in 2023, increasing by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2023, production of growth remained at a somewhat lower figure.

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

Exports in Asia-Pacific

In 2023, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

China was the main exporting country with an export of about 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%).

China was also the fastest-growing in terms of the internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports, with a CAGR of X% from 2012 to 2023. Thailand (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points.

In value terms, Japan ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($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 2012-2023. In the other countries, the average annual rates were as follows: China (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, 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-Pacific

In 2023, approx. X units of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were imported in Asia-Pacific; increasing by X% compared with the previous year. Total imports indicated tangible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2022, and then declined in the following year.

Imports by Country

Vietnam was the major importing country with an import of about X units, which reached X% of total imports. It was distantly followed by the Philippines (X units), Indonesia (X units), Japan (X units), China (X units) and Thailand (X units), together achieving a X% share of total imports. The following importers - Australia (X units), Malaysia (X units), Myanmar (X units), India (X units), South Korea (X units), Pakistan (X units) and Cambodia (X units) - together made up X% of total imports.

Vietnam was also the fastest-growing in terms of the internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%), Malaysia (X%), India (X%), Myanmar (X%), Pakistan (X%), South Korea (X%), Cambodia (X%) and Indonesia (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Japan (X%), Australia (X%) and China (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), the Philippines (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.), Indonesia (X p.p.), Australia (X p.p.), Japan (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Australia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform