Eastern Asia: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2025

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

In 2021, the East Asian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -48.1% to $X for the first time since 2013, thus ending a seven-year rising trend. In general, consumption recorded a mild decrease. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +27.1% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, production reached the peak level of $X, and then contracted in the following year.

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

Exports in Eastern Asia

Exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to X tons in 2021, picking up by 54% compared with the year before. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.0% 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 +53.5% against 2018 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) soared to $X in 2021. The total export value increased at an average annual rate of +4.2% 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 main exporting country with an export of about X tons, which reached 62% of total exports. It was distantly followed by Japan (X tons), committing a 36% share of total exports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplying countries in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 100% share of total exports.

China, with a CAGR of +6.2%, saw 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 more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, dropping by -12.6% against the previous year. Overall, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by 4.1% against the previous year. Over the period under review, the export prices attained the peak figure 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in Eastern Asia

In 2021, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -2% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a mild slump. The pace of growth appeared the most rapid in 2018 when imports increased by 8%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) dropped to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 12% against the previous year. The level of import peaked at $X in 2020, and then contracted in the following year.

Imports by Country

China was the key importing country with an import of around X tons, which finished at 47% of total imports. Japan (X tons) ranks second in terms of the total imports with a 31% share, followed by South Korea (16%). Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +5.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Eastern Asia, comprising 57% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by South Korea, with a 16% share.

In China, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased at an average annual rate of +2.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-1.8% per year) and South Korea (+3.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, waning by -3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 an increase of 21%. As a result, import price reached the peak level of $X per ton, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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