Nepal: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Nepal

The Nepalese market for diesel engines (other than for motor vehicles and aircraft) fell to $X in 2022, reducing by -4.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

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

Exports from Nepal

In 2019, the amount of diesel engines (other than for motor vehicles and aircraft) exported from Nepal stood at X units, remaining stable against 2018. Over the period under review, exports showed a deep slump. The smallest decline of 99.9% was in 2016. Over the period under review, the exports of hit record highs at X units in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) amounted to $X in 2019. Overall, exports showed a drastic downturn. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) and Germany (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Nepal.

From 2015 to 2019, the biggest increases were recorded for Germany (with a CAGR of 0.0%).

In value terms, Hong Kong SAR ($X) and Germany ($X) constituted the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Nepal worldwide.

Among the main countries of destination, Germany, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2019, flattening at the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the maximum in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Germany amounted to $X per unit.

From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Nepal

Imports of diesel engines (other than for motor vehicles and aircraft) into Nepal dropped slightly to X units in 2022, with a decrease of -4% on 2021 figures. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 131%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) declined modestly to $X in 2022. In general, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 98% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) constituted the largest diesel engines (other than for motor vehicles and aircraft) supplier to Nepal, accounting for a 66% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from India exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.2% per year) and the United Arab Emirates (+164.6% per year).

In value terms, China ($X), India ($X) and the United Arab Emirates ($X) were the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Nepal, with a combined 95% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +334.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+64.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform