Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States - 2024
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States (FOB) - 2024
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States (CIF) - 2024
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States (FOB) - 2024
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $14,602 per unit in December 2023, increasing by 7.6% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $14,889 per unit in September 2023; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($30,273 per unit), while the average price for exports to Mongolia ($7,816 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.8%), 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 United States (CIF) - 2024
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,267 per unit in December 2023, with a decrease of -11.4% against the previous month. Overall, import price indicated a measured expansion from February 2023 to December 2023: its price increased at an average monthly rate of +4.9% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -12.9% against October 2023 indices. The most prominent rate of growth was recorded in October 2023 an increase of 30% m-o-m. The import price peaked at $2,928 per unit in July 2023; afterwards, it flattened through to December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the UK ($17,877 per unit), while the price for Mexico ($1,016 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+7.3%), 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 United States
Exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from the United States surged to 885K units in 2022, rising by 20% on the previous year. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.9% 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 +72.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% 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) expanded rapidly to $8B in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 20%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.9 | 3.7 | 4.8 | 4.8 | -0.7% |
| Canada | 0.7 | 0.5 | 0.6 | 1.0 | 12.6% |
| China | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Brazil | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Australia | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| United Kingdom | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 1.4 | 1.2 | 1.1 | 1.2 | -5.0% |
| Total | 7.9 | 6.2 | 7.5 | 8.0 | 0.4% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from the United States in 2022:
- Mexico (605.4K units)
- Canada (72.9K units)
- China (40.8K units)
- Australia (33.0K units)
- United Kingdom (22.3K units)
- Brazil (13.6K units)
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States
In 2022, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into the United States surged to 3.6M units, with an increase of 20% on the year before. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 84%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) expanded slightly to $6.1B in 2022. Over the period under review, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, imports of attained the peak figure at $6.5B in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,770 | 1,418 | 1,534 | 1,606 | -3.2% |
| Japan | 1,663 | 965 | 1,325 | 1,372 | -6.2% |
| Germany | 1,057 | 797 | 749 | 907 | -5.0% |
| United Kingdom | 584 | 397 | 479 | 521 | -3.7% |
| Italy | 390 | 325 | 713 | 488 | 7.8% |
| Austria | 243 | 227 | 326 | 322 | 9.8% |
| South Korea | 216 | 136 | 156 | 214 | -0.3% |
| Others | 570 | 432 | 543 | 621 | 2.9% |
| Total | 6,493 | 4,697 | 5,826 | 6,050 | -2.3% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to the United States in 2022:
- Mexico (2642.6K units)
- Japan (524.7K units)
- Germany (130.6K units)
- Italy (101.3K units)
- Austria (58.8K units)
- South Korea (53.9K units)
- United Kingdom (40.4K units)
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