Northern America: 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 Northern America

In 2022, the North American market for diesel engines (other than for motor vehicles and aircraft) increased by 20% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Northern America

In value terms, production of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by 51,575% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

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

Exports in Northern America

In 2022, shipments abroad of diesel engines (other than for motor vehicles and aircraft) increased by 15% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 33%. 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) expanded rapidly to $X in 2022. Over the period under review, exports, however, saw a pronounced descent. The pace of growth was the most pronounced in 2017 with an increase of 11%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates aircraft) structure, recording X units, which was near 95% of total exports in 2022. It was distantly followed by Canada (X units), making up a 4.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to diesel engines (other than for motor vehicles and aircraft) exports from the United States stood at -2.7%. At the same time, Canada (+4.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.8% from 2012-2022. While the share of Canada (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-2.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 2.7% share of total exports.

In the United States, exports of diesel engines (other than for motor vehicles and aircraft) plunged by an average annual rate of -4.9% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, dropping by -4% against the previous year. In general, the export price saw a noticeable reduction. The pace of growth appeared the most rapid in 2020 an increase of 14%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.3%).

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

Imports in Northern America

In 2022, purchases abroad of diesel engines (other than for motor vehicles and aircraft) increased by 16% to X units, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, imports of hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 28%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in aircraft) structure, resulting at X units, which was near 93% of total imports in 2022. It was distantly followed by Canada (X units), comprising a 7.2% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of diesel engines (other than for motor vehicles and aircraft). Canada (-2.3%) illustrated a downward trend over the same period. While the share of the United States (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-2.2 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported diesel engines (other than for motor vehicles and aircraft) in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

In the United States, imports of diesel engines (other than for motor vehicles and aircraft) remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 9%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.6%).

Source: IndexBox Platform

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