Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in Belgium - 2023

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Belgium (FOB) - 2023
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Belgium (CIF) - 2022
3. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Belgium
4. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Belgium

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Belgium (FOB) - 2023

In October 2023, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $23,548 per unit, surging by 10,712% against the previous month. Over the period under review, the export price saw a perceptible expansion. The export price peaked at $40,699 per unit in July 2023; afterwards, it flattened through to October 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($523K per unit), while the average price for exports to Australia ($33,303 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+38.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Belgium (CIF) - 2022

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $7,349 per unit in 2022, declining by -31.5% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 21% against the previous year. The import price peaked at $15,971 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,608 per unit), while the price for Australia ($321 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Belgium

In 2022, approx. 6.1K units of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion were exported from Belgium; approximately reflecting the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of 6.2K units, and then fell in the following year.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion shrank to $57M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 3.8% against the previous year. As a result, the exports attained the peak of $61M, and then dropped in the following year.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from Belgium in 2022:

1. China (1672.0 units)
2. Brazil (1234.0 units)
3. New Zealand (461.0 units)
4. France (440.0 units)
5. South Korea (318.0 units)
6. United States (228.0 units)
7. Netherlands (199.0 units)
8. Luxembourg (140.0 units)
9. Italy (125.0 units)
10. Egypt (112.0 units)
11. Poland (111.0 units)
12. Bangladesh (99.0 units)
13. Russia (18.0 units)

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Belgium

For the fourth year in a row, Belgium recorded growth in purchases abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion, which increased by 20% to 3.2K units in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 58%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion reduced markedly to $23M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51%. Imports peaked at $28M in 2021, and then fell notably in the following year.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Belgium in 2022:

1. Italy (2069.0 units)
2. Netherlands (330.0 units)
3. Sweden (307.0 units)
4. Norway (124.0 units)
5. United States (118.0 units)
6. United Kingdom (109.0 units)
7. Australia (65.0 units)

Source: IndexBox Market Intelligence Platform