Southern 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 Southern Asia

The South Asian market for diesel engines (other than for motor vehicles and aircraft) contracted to $X in 2022, waning by -12.8% against the previous year. In general, consumption, however, showed strong growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Southern Asia

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 62%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

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

Exports in Southern Asia

In 2022, exports of diesel engines (other than for motor vehicles and aircraft) in Southern Asia surged to X units, jumping by 20% on 2021 figures. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) soared to $X in 2022. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 60%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from India (X units), together recording 99.9% of total export.

India was also the fastest-growing in terms of the diesel engines (other than for motor vehicles and aircraft) exports, with a CAGR of +3.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +10.6%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, growing by 20% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +6.8% per year.

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

Imports in Southern Asia

In 2022, purchases abroad of diesel engines (other than for motor vehicles and aircraft) increased by 28% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a temperate expansion from 2012 to 2022: its volume 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, imports increased by +89.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 48%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 40% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

India represented the largest importer of diesel engines (other than for motor vehicles and aircraft) in Southern Asia, with the volume of imports finishing at X units, which was near 79% of total imports in 2022. Pakistan (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (6.4%).

India was also the fastest-growing in terms of the diesel engines (other than for motor vehicles and aircraft) imports, with a CAGR of +5.0% from 2012 to 2022. Pakistan experienced a relatively flat trend pattern. Bangladesh (-3.9%) illustrated a downward trend over the same period. India (+17 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Bangladesh saw its share reduced by -4.1% and -5.8% from 2012 to 2022, respectively.

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), together comprising 97% of total imports.

Bangladesh, with a CAGR of +6.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, declining by -2.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 18% against the previous year. 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 Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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