Asia-Pacific: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Asia-Pacific

The Asia-Pacific market for diesel engines (other than for motor vehicles and aircraft) was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Asia-Pacific

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports in Asia-Pacific

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported in Asia-Pacific; which is down by X% on the previous year's figure. Overall, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) expanded to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the key exporting country with an export of about X units, which reached X% of total exports. India (X units) held the second position in the ranking, followed by Japan (X units) and Singapore (X units). All these countries together held approx. X% share of total exports. The following exporters - South Korea (X units) and Thailand (X units) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to diesel engines (other than for motor vehicles and aircraft) exports from China stood at X%. At the same time, Singapore (X%), Thailand (X%) and India (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, India and Thailand increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to X%. In the other countries, the average annual rates were as follows: China (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by X% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for diesel engines (other than for motor vehicles and aircraft) increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports in Asia-Pacific

For the sixth year in a row, Asia-Pacific recorded growth in overseas purchases of diesel engines (other than for motor vehicles and aircraft), which increased by X% to X units in 2022. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) reduced slightly to $X in 2022. In general, imports, however, showed a slight setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Myanmar (X units), China (X units) and the Philippines (X units) represented roughly X% of total imports in 2022. It was distantly followed by India (X units), achieving a X% share of total imports. Malaysia (X units), South Korea (X units), Japan (X units), Thailand (X units), Pakistan (X units) and Australia (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported diesel engines (other than for motor vehicles and aircraft) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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