Eastern Asia: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Eastern Asia

The East Asian internal combustion engines market contracted slightly to $X in 2022, remaining constant against the previous year. In general, consumption continues to indicate a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Internal Combustion Engines Production in Eastern Asia

In value terms, internal combustion engines production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Internal Combustion Engines Exports

Exports in Eastern Asia

In 2022, overseas shipments of motor vehicles compression-ignition internal combustion piston engines increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, internal combustion engines exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the major exporting country with an export of about X units, which recorded X% of total exports. Japan (X units) ranks second in terms of the total exports with a X% share, followed by South Korea (X%).

China was also the fastest-growing in terms of the motor vehicles compression-ignition internal combustion piston engines exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, the largest internal combustion engines supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, approximately equating the previous year. In general, the export price showed a perceptible downturn. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Internal Combustion Engines Imports

Imports in Eastern Asia

In 2022, overseas purchases of motor vehicles compression-ignition internal combustion piston engines increased by X% to X units, rising for the second year in a row after five years of decline. In general, imports, however, recorded a perceptible descent. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, internal combustion engines imports surged to $X in 2022. Overall, imports, however, saw a pronounced reduction. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and South Korea (X units) represented roughly X% of total imports in 2022. It was distantly followed by China (X units), achieving a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest internal combustion engines importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and China ($X), with a combined X% share of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, stabilizing at the previous year. In general, the import price, however, saw a mild shrinkage. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 China ($X per unit), while Taiwan (Chinese) ($X per unit) was 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 a decline in the import price figures.

Source: IndexBox Platform

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