Asia: 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 Asia

The Asian market for diesel engines (other than for motor vehicles and aircraft) dropped slightly to $X in 2022, with a decrease of -2.5% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption increased by +110.0% against 2012 indices. The level of consumption peaked at $X in 2021, and then dropped in the following year.

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

In value terms, production of diesel engines (other than for motor vehicles and aircraft) dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

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

Exports in Asia

Exports of diesel engines (other than for motor vehicles and aircraft) reached X units in 2022, rising by 5.1% on the previous year's figure. Overall, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 170% against the previous year. Over the period under review, the exports of attained the maximum 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) amounted to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. 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

India (X units) and Japan (X units) were the largest exporters of diesel engines (other than for motor vehicles and aircraft) in 2022, accounting for approx. 36% and 25% of total exports, respectively. It was distantly followed by China (X units), Singapore (X units) and South Korea (X units), together mixing up a 32% share of total exports. Thailand (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +20.2%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in Asia, comprising 45% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to -1.0%. In the other countries, the average annual rates were as follows: China (+6.7% per year) and India (+10.6% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2016 when the export price increased by 181%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+38.5%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were imported in Asia; picking up by 9.6% compared with the previous year. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +70.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 26% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) totaled $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 17%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units) and the Philippines (X units) represented roughly 44% of total imports in 2022. India (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (6.5%), the United Arab Emirates (6.2%), Turkey (6%) and Japan (4.8%). The following importers - South Korea (X units), Saudi Arabia (X units), Indonesia (X units), Pakistan (X units), Malaysia (X units) and Singapore (X units) - together made up 14% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported diesel engines (other than for motor vehicles and aircraft) in Asia, comprising 43% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.6% share of total imports. It was followed by South Korea, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+9.0% per year) and South Korea (-1.2% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, declining by -6.7% against the previous year. In general, the import price showed a perceptible setback. The growth pace was the most rapid in 2018 when the import price increased by 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Turkey (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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