Asia-Pacific: 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-Pacific

The Asia-Pacific market for diesel engines (other than for motor vehicles and aircraft) dropped modestly to $X in 2022, falling by -4.2% against the previous year. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market reached the peak level at $X in 2021, and then fell slightly in the following year.

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

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022 estimated in export price. The total production indicated mild 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, production decreased by -15.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 53%. 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-Pacific

Exports of diesel engines (other than for motor vehicles and aircraft) amounted to X units in 2022, growing by 4.3% on 2021 figures. Overall, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 188%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

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 peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, India (X units) and Japan (X units) were the key exporters of diesel engines (other than for motor vehicles and aircraft) in Asia-Pacific, together accounting for approx. 62% of total exports. China (X units) held the next position in the ranking, followed by Singapore (X units) and South Korea (X units). All these countries together took approx. 32% share of total exports. Thailand (X units) took a little 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 ($X) remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in Asia-Pacific, comprising 45% of total exports. The second position in the ranking was taken by China ($X), with a 22% share of total exports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled -1.0%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+6.7% per year) and India (+10.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, remaining stable against the previous year. Overall, the export price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 196% against the previous year. 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-Pacific

Imports of diesel engines (other than for motor vehicles and aircraft) rose notably to X units in 2022, with an increase of 8.2% on the previous year. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +78.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) dropped slightly to $X in 2022. Over the period under review, imports, however, saw a slight reduction. The pace of growth was the most pronounced in 2017 when imports increased by 18% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units) and the Philippines (X units) were the key importers of diesel engines (other than for motor vehicles and aircraft) in 2022, finishing at near 29% and 24% of total imports, respectively. It was distantly followed by India (X units), Vietnam (X units), Japan (X units) and South Korea (X units), together mixing up a 31% share of total imports. Australia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +10.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported diesel engines (other than for motor vehicles and aircraft) in Asia-Pacific, comprising 51% of total imports. The second position in the ranking was held by South Korea ($X), with a 10% share of total imports. It was followed by Japan, with a 7.5% share.

In China, imports of diesel engines (other than for motor vehicles and aircraft) plunged by an average annual rate of -1.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-1.2% per year) and Japan (+3.1% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, waning by -8.2% against the previous year. In general, the import price saw a abrupt decline. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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