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

Contents:

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

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

In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $58,494 per unit, declining by -11.2% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the average import price increased by 893%. Over the period under review, average import prices attained the peak figure at $137,056 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($179,861 per unit), while the price for Sweden ($38,536 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $3,300 per unit, rising by 18% against the previous year. In general, the export price, however, recorded a abrupt decline. Over the period under review, the average export prices attained the peak figure at $7,791 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($17,802 per unit), while the average price for exports to Vietnam ($1,407 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion into China contracted to 9.6K units, waning by -12.8% against the previous year. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports of attained the peak figure at 12K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion reduced sharply to $564M in 2022. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 6.9% against the previous year. As a result, imports reached the peak of $736M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. South Korea (7.8K units)
2. Japan (0.8K units)
3. Sweden (0.4K units)
4. United States (0.2K units)

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

In 2022, overseas shipments of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion decreased by -14.7% to 46K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. Over the period under review, the exports of attained the maximum at 54K units in 2021, and then declined in the following year.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion totaled $152M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 15% 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.

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

1. Vietnam (16.4K units)
2. Philippines (9.8K units)
3. Indonesia (5.2K units)
4. Turkey (1.4K units)
5. India (1.4K units)
6. Peru (1.2K units)
7. Russia (0.9K units)
8. Singapore (0.7K units)
9. Bangladesh (0.6K units)
10. Myanmar (0.3K units)

Source: IndexBox Market Intelligence Platform