ASEAN: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2025

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in ASEAN

The ASEAN market for diesel engines (other than for motor vehicles and aircraft) shrank modestly to $X in 2022, approximately reflecting the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +92.5% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced modestly in the following year.

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

In value terms, production of diesel engines (other than for motor vehicles and aircraft) totaled $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 64%. Over the period under review, production of attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

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

Exports in ASEAN

Exports of diesel engines (other than for motor vehicles and aircraft) surged to X units in 2022, jumping by 55% compared with the year before. Overall, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. In general, exports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

In 2022, Singapore (X units) was the largest exporter of diesel engines (other than for motor vehicles and aircraft), achieving 68% of total exports. It was distantly followed by Thailand (X units), making up a 28% share of total exports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to diesel engines (other than for motor vehicles and aircraft) exports from Singapore stood at +11.5%. At the same time, Thailand (+20.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +20.2% from 2012-2022. By contrast, Indonesia (-5.1%) illustrated a downward trend over the same period. While the share of Thailand (+16 p.p.) and Singapore (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-9.1 p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, with a combined 96% share of total exports.

Thailand, with a CAGR of +9.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, falling by -23.3% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in ASEAN

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were imported in ASEAN; surging by 13% on the previous year. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.7% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 80%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) expanded rapidly to $X in 2022. Overall, imports, however, showed a pronounced decrease. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Philippines (X units) represented the key importer of diesel engines (other than for motor vehicles and aircraft), constituting 59% of total imports. Vietnam (X units) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (6.2%), Malaysia (4.9%) and Singapore (4.7%). The following importers - Thailand (X units) and Myanmar (X units) - each accounted for a 6% share of total imports.

The Philippines was also the fastest-growing in terms of the diesel engines (other than for motor vehicles and aircraft) imports, with a CAGR of +10.0% from 2012 to 2022. At the same time, Thailand (+9.6%), Myanmar (+8.8%), Indonesia (+4.2%) and Vietnam (+1.3%) displayed positive paces of growth. By contrast, Malaysia (-3.9%) and Singapore (-5.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, together comprising 64% of total imports. Thailand, the Philippines, Malaysia and Myanmar lagged somewhat behind, together accounting for a further 36%.

In terms of the main importing countries, the Philippines, with a CAGR of +5.6%, recorded the highest rates of growth with regard to 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

The import price in ASEAN stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the import price saw a drastic downturn. The growth pace was the most rapid in 2015 an increase of 40%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform