Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand - 2024
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand (FOB) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand (CIF) - 2024
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,597 per unit in 2022, dropping by -4.6% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2017 an increase of 33%. Over the period under review, the average export prices hit record highs at $14,161 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($3,099 per unit), while the average price for exports to Japan ($828 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 Argentina (-13.3%), while the prices for the other major destinations experienced a decline.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand (CIF) - 2024
In January 2024, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $3,526 per unit, growing by 3.8% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in June 2023 when the average import price increased by 21% month-to-month. As a result, import price reached the peak level of $4,052 per unit; afterwards, it flattened through to January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($5,785 per unit), while the price for Japan ($2,395 per unit) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand
In 2022, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from Thailand expanded slightly to 624K units, with an increase of 1.7% against the previous year's figure. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 78%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank to $1.6B in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $1.7B, and then reduced in the following year.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 364 | 337 | 548 | 416 | 4.6% |
| Indonesia | 252 | 149 | 328 | 299 | 5.9% |
| Argentina | 146 | 122 | 244 | 282 | 24.5% |
| Philippines | 86.7 | 48.9 | 87.5 | 129 | 14.2% |
| Malaysia | 68.2 | 64.7 | 82.0 | 105 | 15.5% |
| India | 24.0 | 24.4 | 69.9 | 70.9 | 43.5% |
| Pakistan | 15.4 | 28.3 | 48.4 | 47.5 | 45.6% |
| Egypt | 52.4 | 67.8 | 105 | 41.8 | -7.3% |
| United States | 26.8 | 21.7 | 10.7 | 39.5 | 13.8% |
| Japan | 20.3 | 18.9 | 7.0 | 35.9 | 20.9% |
| Vietnam | 23.1 | 24.0 | 36.4 | 35.7 | 15.6% |
| Ecuador | 37.1 | 14.7 | 22.2 | 35.0 | -1.9% |
| Others | 98.1 | 68.9 | 82.6 | 82.6 | -5.6% |
| Total | 1,214 | 990 | 1,672 | 1,620 | 10.1% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Thailand in 2022:
- South Africa (141.4K units)
- Indonesia (106.7K units)
- Argentina (91.1K units)
- Philippines (52.8K units)
- Japan (43.3K units)
- Malaysia (40.1K units)
- India (32.5K units)
- United States (23.2K units)
- Pakistan (17.5K units)
- Egypt (16.7K units)
- Vietnam (15.4K units)
- Ecuador (10.3K units)
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand
After three years of growth, supplies from abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -11.2% to 338K units in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 77% against the previous year. Imports peaked at 381K units in 2021, and then declined in the following year.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) soared to $1.1B in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 388 | 371 | 628 | 668 | 19.9% |
| Japan | 166 | 188 | 212 | 234 | 12.1% |
| United Kingdom | 13.1 | 10.2 | 4.9 | 132 | 116.0% |
| China | 22.3 | 18.9 | 28.0 | 23.6 | 1.9% |
| Indonesia | 0.1 | 2.3 | 4.5 | 9.8 | 361.0% |
| Others | 67.0 | 39.6 | 59.7 | 81.6 | 6.8% |
| Total | 656 | 630 | 938 | 1,149 | 20.5% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Thailand in 2022:
- India (188.4K units)
- Japan (92.8K units)
- United Kingdom (26.8K units)
- China (15.3K units)
- Indonesia (8.5K units)
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