Southern Asia: 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 Southern Asia

The South Asian market for diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded strong growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

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

Exports in Southern Asia

In 2022, exports of diesel engines (other than for motor vehicles and aircraft) in Southern Asia surged to X units, with an increase of X% compared with 2021. Total exports indicated modest 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of diesel engines (other than for motor vehicles and aircraft), namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the diesel engines (other than for motor vehicles and aircraft) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in Southern Asia.

In India, exports of diesel engines (other than for motor vehicles and aircraft) increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

In 2022, supplies from abroad of diesel engines (other than for motor vehicles and aircraft) increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated measured 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. Total imports indicated a modest expansion 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) was the largest importer of diesel engines (other than for motor vehicles and aircraft), creating X% of total imports. Pakistan (X units) ranks second in terms of the total imports with an X% share, followed by Bangladesh (X%).

India was also the fastest-growing in terms of the diesel engines (other than for motor vehicles and aircraft) imports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported diesel engines (other than for motor vehicles and aircraft) in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports.

In India, imports of diesel engines (other than for motor vehicles and aircraft) increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :