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

Contents:

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

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

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $736 per unit in 2022, reducing by -12.4% against the previous year. Overall, the import price faced a significant decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum at $10,074 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,628 per unit), while the price for the UK ($190 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-12.6%), 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 India (FOB) - 2022

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $1,757 per unit in 2022, dropping by -2.5% against the previous year. Overall, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 117% against the previous year. As a result, the export price reached the peak level of $6,118 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,897 per unit), while the average price for exports to Nepal ($394 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 Guatemala (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, India recorded growth in overseas purchases of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion, which increased by 50% to 51K units in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 77% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion skyrocketed to $38M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. China (15.9K units)
2. United Kingdom (14.7K units)
3. Italy (13.4K units)
4. Germany (5.8K units)

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

For the fourth year in a row, India recorded growth in shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion, which increased by 1.3% to 4.9K units in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion contracted to $8.7M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, the exports attained the peak of $9.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Netherlands (2395.0 units)
2. Spain (1375.0 units)
3. Nepal (264.0 units)
4. Guatemala (200.0 units)
5. Lebanon (181.0 units)
6. United Arab Emirates (113.0 units)
7. Guinea (80.0 units)
8. Bangladesh (8.0 units)
9. Uganda (3.0 units)

Source: IndexBox Market Intelligence Platform