Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the UK - 2024

Contents:

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

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the UK (FOB) - 2022

In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $3,306 per unit, surging by 4.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. The export price peaked at $4,456 per unit in 2014; however, from 2015 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 China ($10,855 per unit), while the average price for exports to Poland ($1,492 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 Germany (+3.9%), 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 the UK (CIF) - 2022

In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $3,461 per unit, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 the United States ($18,341 per unit), while the price for Hungary ($249 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.2%), 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 the UK

Exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from the UK rose markedly to 1.2M units in 2022, surging by 7.7% against the previous year's figure. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) rose significantly to $4B in 2022. In general, exports, however, recorded a noticeable reduction. Over the period under review, the exports of reached the peak figure at $4.3B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey9929281,1031,0110.6%
United States561363432527-2.1%
China2312942602999.0%
Germany393313240285-10.2%
Spain323271169186-16.8%
Japan193103139160-6.1%
Thailand9.06.74.4160161.0%
Slovakia161108113156-1.0%
Italy10881.199.21275.6%
France16576.0105115-11.3%
United Arab Emirates68.568.378.110414.9%
Austria13056.541.246.4-29.1%
Poland24.020.138.444.122.5%
Others945543769813-4.9%
Total4,3033,2313,5914,034-2.1%

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

  1. Turkey (492.7K units)
  2. Spain (121.0K units)
  3. Germany (101.0K units)
  4. United States (67.3K units)
  5. Slovakia (49.5K units)
  6. Italy (36.1K units)
  7. France (32.8K units)
  8. Poland (29.5K units)
  9. United Arab Emirates (27.8K units)
  10. China (27.6K units)
  11. Thailand (25.2K units)
  12. Japan (17.5K units)
  13. Austria (14.1K units)

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the UK

Imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into the UK reached 296K units in 2022, growing by 3.2% against 2021. Over the period under review, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports of attained the peak figure at 492K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) skyrocketed to $1B in 2022. Overall, imports, however, saw a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 26%. Over the period under review, imports of reached the maximum at $1.2B in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States253177195211-5.9%
France18239.8155155-5.2%
Italy15263.279.51530.2%
Germany152104140150-0.4%
Netherlands13080.497.4113-4.6%
Japan65.537.852.453.9-6.3%
China75.336.519.126.0-29.8%
Hungary0.50.1N/A2.571.0%
Others212150132160-9.0%
Total1,2246888701,023-5.8%

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to the UK in 2022:

  1. Italy (109.2K units)
  2. Germany (63.0K units)
  3. France (47.1K units)
  4. Japan (14.2K units)
  5. Netherlands (13.5K units)
  6. United States (11.5K units)
  7. Hungary (10.1K units)
  8. China (7.4K units)

Source: IndexBox Market Intelligence Platform

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