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

Contents:

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

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

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $26,482 per unit in October 2023, jumping by 33% against the previous month. Overall, the import price enjoyed a modest expansion. The pace of growth was the most pronounced in April 2023 an increase of 379% month-to-month. As a result, import price attained the peak level of $132K per unit. From May 2023 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($84,256 per unit), while the price for South Korea ($48,234 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $17,241 per unit in October 2023, waning by -27.2% against the previous month. Overall, the export price, however, recorded noticeable growth. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 636% against the previous month. Over the period under review, the average export prices attained the maximum at $30,951 per unit in April 2023; afterwards, it flattened through to October 2023.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Australia ($55,030 per unit), while the average price for exports to Turkey ($34,099 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 South Korea (+23.0%), 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 Italy

In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion imported into Italy skyrocketed to 9.7K units, increasing by 40% against the previous year. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% 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 +56.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $284M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at $290M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Sweden (4.4K units)
2. Finland (1.6K units)
3. France (1.2K units)
4. Germany (1.1K units)
5. United Kingdom (0.4K units)
6. Netherlands (0.3K units)
7. Belgium (0.2K units)
8. South Korea (0.1K units)

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

In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion exported from Italy rose notably to 8.2K units, growing by 6.4% on the previous year's figure. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 116% 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 near future.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion shrank to $129M in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports attained the peak of $140M, and then fell in the following year.

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

1. South Korea (1778.0 units)
2. Finland (1144.0 units)
3. Turkey (735.0 units)
4. Albania (490.0 units)
5. Nigeria (256.0 units)
6. Cameroon (221.0 units)
7. Croatia (216.0 units)
8. United States (205.0 units)
9. Tunisia (200.0 units)
10. Switzerland (186.0 units)
11. Argentina (164.0 units)
12. Brazil (148.0 units)
13. United Kingdom (147.0 units)

Source: IndexBox Market Intelligence Platform