Russian Federation: 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 the Russian Federation

The Russian market for diesel engines (other than for motor vehicles and aircraft) reduced to $X in 2022, with a decrease of -11.1% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +95.9% against 2015 indices. Consumption of peaked at $X in 2021, and then fell in the following year.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in the Russian Federation

In value terms, production of diesel engines (other than for motor vehicles and aircraft) amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 128% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

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

Exports from the Russian Federation

In 2022, overseas shipments of diesel engines (other than for motor vehicles and aircraft) increased by 6.3% to X units, rising for the third year in a row after two years of decline. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 238%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) expanded rapidly to $X in 2022. In general, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 125%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Finland (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Russia, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +60.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Russia were Belarus ($X), Kazakhstan ($X) and Finland ($X), together comprising 94% of total exports.

Finland, with a CAGR of +71.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, picking up by 7.3% against the previous year. Overall, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 73%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the Russian Federation

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were imported into Russia; with a decrease of -7.1% against the year before. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2021, and then reduced in the following year.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) dropped to $X in 2022. In general, imports, however, continue to indicate pronounced growth. The growth pace was the most rapid in 2016 with an increase of 40%. Over the period under review, imports of reached the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest diesel engines (other than for motor vehicles and aircraft) supplier to Russia, accounting for a 52% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.3% per year) and the United States (+8.2% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Russia, with a combined 71% share of total imports. The Netherlands, Germany, India, the UK, France, South Korea, Italy, Belarus and Slovakia lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, the Netherlands, with a CAGR of +58.2%, 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

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, shrinking by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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