South-Eastern Asia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2025

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in South-Eastern Asia

The Southeast Asian market for diesel engines (other than for motor vehicles and aircraft) fell to $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +92.5% against 2017 indices. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in South-Eastern Asia

In value terms, production of diesel engines (other than for motor vehicles and aircraft) reached $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 64%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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

Exports in South-Eastern Asia

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported in South-Eastern Asia; jumping by 55% on 2021. Over the period under review, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. In general, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 22%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Singapore was the largest exporting country with an export of around X units, which reached 68% of total exports. It was distantly followed by Thailand (X units), committing a 28% share of total exports. Indonesia (X units) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of +11.5% from 2012 to 2022. At the same time, Thailand (+20.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +20.2% from 2012-2022. By contrast, Indonesia (-5.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Singapore increased by +16 and +5.5 percentage points, respectively.

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and Indonesia ($X), together comprising 96% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +9.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, waning by -23.3% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

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 Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

Imports of diesel engines (other than for motor vehicles and aircraft) rose significantly to X units in 2022, growing by 13% compared with 2021. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.6% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of 80% against the previous year. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) reached $X in 2022. Overall, imports, however, showed a perceptible downturn. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Philippines (X units) was the major importer of diesel engines (other than for motor vehicles and aircraft), mixing up 59% of total imports. Vietnam (X units) held the second position in the ranking, distantly followed by Indonesia (X units), Malaysia (X units) and Singapore (X units). All these countries together took near 35% share of total imports. The following importers - Thailand (X units) and Myanmar (X units) - each resulted at a 6% share of total imports.

The Philippines was also the fastest-growing in terms of the diesel engines (other than for motor vehicles and aircraft) imports, with a CAGR of +10.0% from 2012 to 2022. At the same time, Thailand (+9.6%), Myanmar (+8.8%), Indonesia (+4.2%) and Vietnam (+1.3%) displayed positive paces of growth. By contrast, Malaysia (-3.9%) and Singapore (-5.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) importing markets in South-Eastern Asia were Indonesia ($X), Singapore ($X) and Vietnam ($X), with a combined 64% share of total imports. Thailand, the Philippines, Malaysia and Myanmar lagged somewhat behind, together comprising a further 36%.

The Philippines, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 40% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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