Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China - 2024
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China (CIF) - 2024
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China (CIF) - 2024
In December 2023, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $10,355 per unit, with an increase of 5.6% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in March 2023 when the average import price increased by 16% m-o-m. Over the period under review, average import prices hit record highs at $11,607 per unit in June 2023; afterwards, it flattened through to December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was South Korea ($119K per unit), while the price for Thailand ($1,756 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $1,245 per unit in 2022, jumping by 46% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% 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 compression-ignition internal combustion piston engines (diesel or semi-diesel engines) increased by +87.3% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($5,066 per unit), while the average price for exports to the Philippines ($299 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 India (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China
In 2022, after three years of growth, there was significant decline in overseas purchases of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), when their volume decreased by -12.6% to 352K units. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, imports of reached the maximum at 403K units in 2021, and then shrank in the following year.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank to $3.3B in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Imports peaked at $3.7B in 2021, and then contracted in the following year.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,054 | 1,394 | 1,435 | 1,001 | -1.7% |
| United States | 503 | 478 | 475 | 531 | 1.8% |
| South Korea | 459 | 492 | 529 | 403 | -4.2% |
| United Kingdom | 394 | 359 | 310 | 380 | -1.2% |
| Germany | 428 | 441 | 439 | 360 | -5.6% |
| India | 182 | 179 | 244 | 337 | 22.8% |
| Sweden | 124 | 158 | 152 | 104 | -5.7% |
| Thailand | 6.4 | 3.2 | 3.3 | 14.0 | 29.8% |
| Others | 108 | 131 | 122 | 162 | 14.5% |
| Total | 3,258 | 3,635 | 3,709 | 3,291 | 0.3% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to China in 2022:
- Japan (238.0K units)
- Germany (21.7K units)
- India (18.9K units)
- United Kingdom (18.7K units)
- United States (18.6K units)
- Thailand (7.9K units)
- South Korea (7.1K units)
- Sweden (5.6K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China
In 2022, after three years of growth, there was significant decline in shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), when their volume decreased by -14.9% to 1.8M units. Overall, exports saw a mild reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 6.1% against the previous year. The exports peaked at 2.1M units in 2021, and then reduced in the following year.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) soared to $2.2B in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 142 | 116 | 184 | 196 | 11.3% |
| United Arab Emirates | 17.7 | 39.0 | 57.2 | 149 | 103.4% |
| Turkey | 58.4 | 73.7 | 104 | 137 | 32.9% |
| Vietnam | 85.2 | 75.1 | 68.0 | 85.3 | 0.0% |
| India | 51.7 | 46.4 | 64.7 | 80.4 | 15.9% |
| Nigeria | 71.5 | 47.9 | 73.0 | 70.3 | -0.6% |
| Bangladesh | 88.7 | 79.3 | 78.3 | 51.6 | -16.5% |
| Indonesia | 51.9 | 55.5 | 59.2 | 51.6 | -0.2% |
| Philippines | 39.1 | 31.9 | 51.6 | 42.6 | 2.9% |
| Ghana | 19.0 | 29.6 | 24.1 | 33.2 | 20.4% |
| Brazil | 12.5 | 8.5 | 21.1 | 32.9 | 38.1% |
| Myanmar | 47.6 | 50.5 | 47.8 | 32.2 | -12.2% |
| Mali | 6.4 | 10.6 | 11.8 | 12.4 | 24.7% |
| Others | 771 | 673 | 943 | 1,252 | 17.5% |
| Total | 1,463 | 1,337 | 1,788 | 2,225 | 15.0% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from China in 2022:
- Philippines (142.5K units)
- Bangladesh (134.5K units)
- Indonesia (118.0K units)
- Vietnam (103.4K units)
- Nigeria (88.9K units)
- Myanmar (79.3K units)
- United Arab Emirates (77.2K units)
- Ghana (73.9K units)
- India (73.9K units)
- Turkey (48.8K units)
- Russia (38.7K units)
- Mali (35.2K units)
- Brazil (33.5K units)
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