Eastern Asia: Engine Generator Market 2025

Engine Generator Market Size in Eastern Asia

The East Asian engine generator market amounted to $X in 2022, approximately reflecting the previous year. In general, consumption saw a perceptible slump. The most prominent rate of growth was recorded in 2016 when the market value increased by 8.3% against the previous year. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Engine Generator Production in Eastern Asia

In value terms, engine generator production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.9% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Engine Generator Exports

Exports in Eastern Asia

In 2022, engine generator exports in Eastern Asia shrank slightly to X units, which is down by -2.9% on the previous year's figure. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, engine generator exports reached $X in 2022. Over the period under review, exports recorded a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of 29%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the main exporting country with an export of about X units, which reached 57% of total exports. It was distantly followed by Japan (X units) and South Korea (X units), together making up a 39% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +50.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest engine generator supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 96% share of total exports. These countries were followed by Hong Kong SAR, which accounted for a further 2.2%.

Among the main exporting countries, Hong Kong SAR, with a CAGR of +45.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of 4.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 5.1%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per unit) and South Korea ($X per unit), while Hong Kong SAR ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the other leaders experienced more modest paces of growth.

Engine Generator Imports

Imports in Eastern Asia

In 2022, the amount of generators for internal combustion engines imported in Eastern Asia fell modestly to X units, which is down by -4.2% against 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 32%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, engine generator imports contracted markedly to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units), distantly followed by Japan (X units), Hong Kong SAR (X units), South Korea (X units) and Taiwan (Chinese) (X units) were the main importers of generators for internal combustion engines, together constituting 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported generators for internal combustion engines in Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by Japan ($X), with a 22% share of total imports. It was followed by South Korea, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.5% per year) and South Korea (-6.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, which is down by -12.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The level of import peaked at $X per unit in 2021, and then shrank in the following year.

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 China ($X per unit), while Hong Kong SAR ($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 (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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