India: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in India

The Indian internal combustion engines market dropped to $X in 2022, approximately mirroring the previous year. In general, consumption recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Internal combustion engines consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Internal Combustion Engines Production in India

In value terms, internal combustion engines production reduced modestly to $X in 2022 estimated in export price. Overall, production faced a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Internal Combustion Engines Exports

Exports from India

Internal combustion engines exports from India reduced remarkably to X units in 2022, which is down by X% on the year before. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then declined rapidly in the following year.

In value terms, internal combustion engines exports shrank dramatically to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Thailand (X units), Turkey (X units) and Italy (X units) were the main destinations of internal combustion engines exports from India, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from India, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Thailand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Turkey (X% per year).

Export Prices by Country

The average internal combustion engines export price stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Egypt ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into India

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 two years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 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 engines imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X units), Thailand (X units) and South Korea (X units) were the main suppliers of internal combustion engines imports to India, together accounting for X% of total imports. Italy, Mexico, the United States, Singapore and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engines suppliers to India were Thailand ($X), the United States ($X) and Italy ($X), together comprising X% of total imports. Japan, Mexico, South Korea, Germany and Singapore lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Mexico, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average internal combustion engines import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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