Diesel Engines (Other Than For Motor Vehicles And Aircraft) Prices in China

China Diesel Engines (Other Than For Motor Vehicles And Aircraft) Import Price in August 2022

In August 2022, the diesel engines (other than for motor vehicles and aircraft) price stood at $9,228 per unit (CIF, China), increasing by 17% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +1.3%. Over the period under review, average import prices attained the maximum at $9,931 per unit in May 2022; afterwards, it flattened through to August 2022.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($116K per unit), while the price for Thailand ($1,796 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

China Diesel Engines (Other Than For Motor Vehicles And Aircraft) Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion ($282K per unit), while the price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion stood at $5,776 per unit.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion (+2.4%).

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

In August 2022, imports of diesel engines (other than for motor vehicles and aircraft) into China declined modestly to 23K units, with a decrease of -2.2% against July 2022 figures. In general, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in March 2022 with an increase of 26% month-to-month. As a result, imports reached the peak of 34K units; afterwards, it flattened through to August 2022.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) reached $210M (IndexBox estimates) in August 2022. Over the period under review, imports saw a pronounced slump. The pace of growth appeared the most rapid in March 2022 with an increase of 43% against the previous month. As a result, imports reached the peak of $313M. From April 2022 to August 2022, the growth of imports of remained at a lower figure.

China Diesel Engines (Other Than For Motor Vehicles And Aircraft) Imports by Type

In August 2022, compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion (21K units) was the main type of diesel engines (other than for motor vehicles and aircraft) supplied to China, with a 99% share of total imports. It was followed by compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion (219 units), with a 1% share of total imports.

From January 2022 to August 2022, the average monthly growth rate of the volume of import of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion stood at -4.7%.

In value terms, the most traded types of diesel engines (other than for motor vehicles and aircraft) in China were compression-ignition internal combustion piston engines (diesel or semi-diesel engines) other than for marine or motor vehicle propulsion ($120M) and compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion ($62M).

China Diesel Engines (Other Than For Motor Vehicles And Aircraft) Imports by Country

In August 2022, Japan (16K units) constituted the largest diesel engines (other than for motor vehicles and aircraft) supplier to China, with a 69% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from Japan exceeded the figures recorded by the second-largest supplier, India (1.7K units), ninefold. The third position in this ranking was taken by Germany (1.6K units), with a 6.8% share.

From January 2022 to August 2022, the average monthly growth rate of volume from Japan amounted to -4.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+3.8% per month) and Germany (+0.8% per month).

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to China were Japan ($67M), South Korea ($42M) and the UK ($32M), with a combined 67% share of total imports. These countries were followed by India, Germany, the United States and Thailand, which together accounted for a further 23%.

Thailand, with a CAGR of +40.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform