South-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 South-Eastern Asia

The Southeast Asian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X in 2021, with an increase of 11% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports in South-Eastern Asia

In 2021, shipments abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) was finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 30%. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. Over the period under review, exports, however, recorded a slight downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X tons) was the largest exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), mixing up 62% of total exports. Vietnam (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (6.5%), Malaysia (5.3%), Myanmar (5%) and Singapore (4.6%).

Exports from Thailand decreased at an average annual rate of -14.0% from 2012 to 2021. At the same time, Indonesia (+31.5%), Vietnam (+27.6%), Myanmar (+19.6%) and Malaysia (+11.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.5% from 2012-2021. By contrast, Singapore (-14.6%) illustrated a downward trend over the same period. Vietnam (+16 p.p.), Indonesia (+6.3 p.p.), Myanmar (+4.6 p.p.) and Malaysia (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Thailand saw its share reduced by -2.5% and -28.1% from 2012 to 2021, respectively.

In value terms, Thailand ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier in South-Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Vietnam ($X), with a 2.8% share of total exports. It was followed by Myanmar, with a 2.6% share.

In Thailand, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) plunged by an average annual rate of -1.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+29.6% per year) and Myanmar (+15.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, picking up by 3.1% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 167%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+14.5%), while the other leaders experienced more modest paces of growth.

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

Imports in South-Eastern Asia

In 2021, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 5% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 50% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) expanded modestly to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 39%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Indonesia (X tons) and Vietnam (X tons) dominates aircraft) structure, together constituting 80% of total imports. It was distantly followed by Malaysia (X tons), comprising a 7.5% share of total imports. Thailand (X tons), the Philippines (X tons) and Singapore (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +26.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 77% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +23.9%, saw the highest growth rate of 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 import price in South-Eastern Asia stood at $X per ton in 2021, with a decrease of -1.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+20.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :