Asia-Pacific: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Asia-Pacific

The Asia-Pacific market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) dropped markedly to $X in 2021, which is down by -30.4% against the previous year. Overall, consumption showed a noticeable contraction. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in Asia-Pacific

In 2021, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Asia-Pacific surged to X tons, with an increase of 52% on the year before. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +54.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. 60% of total exports in 2021. It was distantly followed by Japan (X tons), mixing up a 35% share of total exports. The following exporters - Thailand (X tons) and South Korea (X tons) - each finished at a 3.6% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +17.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

China, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, dropping by -12.2% against the previous year. In general, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 8.6% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+14.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in Asia-Pacific

In 2021, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imported in Asia-Pacific expanded modestly to X tons, picking up by 4.9% against 2020. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 13%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose modestly to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

The countries with the highest levels of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in 2021 were China (X tons), Indonesia (X tons), Japan (X tons), Vietnam (X tons) and Australia (X tons), together recording 74% of total import. It was distantly followed by South Korea (X tons), generating a 6.9% share of total imports. India (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +26.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 51% of total imports.

Vietnam, with a CAGR of +23.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 Asia-Pacific stood at $X per ton in 2021, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 an increase of 9.2%. The level of import peaked at $X per ton in 2020, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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