Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India - 2023
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India (FOB) - 2023
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India (CIF) - 2022
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India (FOB) - 2023
In November 2023, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $3,162 per unit, increasing by 13% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 20% m-o-m. The export price peaked at $3,469 per unit in July 2023; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($13,885 per unit), while the average price for exports to Egypt ($358 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.9%), 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) in India (CIF) - 2022
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $1,440 per unit in 2022, with a decrease of -6.8% against the previous year. In general, the import price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 29% against the previous year. The import price peaked at $2,290 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,737 per unit), while the price for Spain ($339 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India
In 2022, approx. 594K units of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) were exported from India; rising by 19% on the previous year's figure. Overall, exports, however, showed a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. The exports peaked at 611K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) skyrocketed to $1.4B in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 409 | 394 | 600 | 625 | 15.2% |
| China | 151 | 146 | 187 | 231 | 15.2% |
| Italy | 69.7 | 16.0 | 45.6 | 78.6 | 4.1% |
| Turkey | 21.6 | 26.4 | 42.5 | 66.1 | 45.2% |
| United States | 52.8 | 35.1 | 45.0 | 57.8 | 3.1% |
| Vietnam | 0.5 | 4.2 | 14.3 | 39.8 | 330.2% |
| Brazil | 20.2 | 17.9 | 29.4 | 33.7 | 18.6% |
| United Arab Emirates | 15.7 | 17.2 | 14.6 | 24.8 | 16.5% |
| Germany | 1.9 | 2.0 | 8.0 | 22.8 | 128.9% |
| Japan | 17.8 | 9.1 | 17.9 | 17.4 | -0.8% |
| Nigeria | 4.1 | 4.9 | 7.9 | 7.0 | 19.5% |
| Egypt | 18.8 | 9.2 | 10.3 | 4.9 | -36.1% |
| Iraq | 3.0 | 2.5 | 4.3 | 4.3 | 12.7% |
| Others | 148 | 135 | 153 | 197 | 10.0% |
| Total | 934 | 819 | 1,180 | 1,410 | 14.7% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from India in 2022:
- Thailand (220.6K units)
- Turkey (67.3K units)
- Italy (45.1K units)
- United States (36.8K units)
- China (19.5K units)
- United Arab Emirates (19.3K units)
- Vietnam (16.6K units)
- Egypt (15.7K units)
- Brazil (14.7K units)
- Iraq (12.2K units)
- Germany (10.8K units)
- Japan (9.0K units)
- Nigeria (6.9K units)
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India
In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) imported into India soared to 364K units, increasing by 30% against 2021 figures. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) skyrocketed to $524M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +104.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 93.5 | 58.5 | 102 | 110 | 5.6% |
| Thailand | 27.5 | 18.7 | 61.1 | 75.8 | 40.2% |
| Japan | 68.0 | 37.7 | 85.9 | 68.4 | 0.2% |
| China | 38.1 | 35.7 | 46.0 | 55.6 | 13.4% |
| Italy | 12.1 | 14.2 | 35.3 | 45.6 | 55.6% |
| Germany | 24.4 | 26.3 | 26.9 | 41.6 | 19.5% |
| South Korea | 22.7 | 18.6 | 12.8 | 19.9 | -4.3% |
| Others | 86.3 | 46.3 | 62.2 | 107 | 7.4% |
| Total | 372 | 256 | 432 | 524 | 12.1% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to India in 2022:
- China (139.7K units)
- Japan (65.0K units)
- United States (40.2K units)
- Italy (31.8K units)
- Thailand (27.9K units)
- Germany (16.2K units)
- South Korea (14.1K units)
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