United Kingdom: 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 the UK

The UK market for diesel engines (other than for motor vehicles and aircraft) reduced modestly to $X in 2022, approximately mirroring the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in the UK

In value terms, production of diesel engines (other than for motor vehicles and aircraft) contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 153% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

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

Exports from the UK

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported from the UK; falling by -4.9% compared with the previous year. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2017 when exports increased by 33% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. In general, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +47.9% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 36%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Germany (X units) and Turkey (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from the UK, together accounting for 31% of total exports. China, the United Arab Emirates, Italy, France, Lebanon, the Netherlands, Japan, South Korea, Poland and India lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +37.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from the UK were the United States ($X), China ($X) and Germany ($X), together comprising 43% of total exports. Japan, Turkey, South Korea, Italy, the United Arab Emirates, France, Lebanon, the Netherlands, Poland and India lagged somewhat behind, together accounting for a further 35%.

Poland, with a CAGR of +30.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, rising by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2013 when the average export price increased by 42% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Poland ($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 China (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

In 2022, overseas purchases of diesel engines (other than for motor vehicles and aircraft) increased by 1.4% to X units, rising for the second year in a row after six years of decline. Overall, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2014 when imports increased by 56%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 15%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Japan (X units) and Germany (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to the UK, together accounting for 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) constituted the largest diesel engines (other than for motor vehicles and aircraft) suppliers to the UK, together comprising 53% of total imports. Japan, India, France, China and South Korea lagged somewhat behind, together accounting for a further 32%.

South Korea, with a CAGR of +20.3%, saw 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.

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, growing by 13% against the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 India ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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