Eastern Asia: Market for Equipment For Internal Combustion Engines 2024

Market Size for Equipment For Internal Combustion Engines in Eastern Asia

The East Asian internal combustion engine equipment market reduced modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Equipment For Internal Combustion Engines in Eastern Asia

In value terms, internal combustion engine equipment production shrank to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Equipment For Internal Combustion Engines

Exports in Eastern Asia

In 2022, approx. X units of equipment for internal combustion engines were exported in Eastern Asia; shrinking by X% on 2021 figures. Overall, exports showed a deep slump. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, internal combustion engine equipment exports shrank to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China represented the largest exporter of equipment for internal combustion engines in Eastern Asia, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X units), committing a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of equipment for internal combustion engines. Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, Japan ($X) and China ($X) constituted the countries with the highest levels of exports in 2022.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 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 China amounted to $X per unit.

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

Imports of Equipment For Internal Combustion Engines

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of equipment for internal combustion engines, when their volume decreased by X% to X units. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, internal combustion engine equipment imports contracted to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Japan (X units) and China (X units) were the largest importers of equipment for internal combustion engines in 2022, amounting to near X% and X% of total imports, respectively. South Korea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per unit) and South Korea ($X per unit), while China ($X per unit) and Japan ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform