Southern Asia: Engine Generator Market 2024

Engine Generator Market Size in Southern Asia

The South Asian engine generator market expanded modestly to $X in 2022, increasing by 1.8% against the previous year. Over the period under review, consumption, however, saw a slight decline. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Engine Generator Production in Southern Asia

In value terms, engine generator production rose to $X in 2022 estimated in export price. Overall, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Engine Generator Exports

Exports in Southern Asia

In 2022, overseas shipments of generators for internal combustion engines increased by 9.8% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports enjoyed pronounced growth. The growth pace was the most rapid in 2013 with an increase of 134% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, engine generator exports skyrocketed to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +27.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 105%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of generators for internal combustion engines, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the generators for internal combustion engines exports, with a CAGR of +4.4% 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 engine generator supplier in Southern Asia.

In India, engine generator exports increased at an average annual rate of +4.2% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, growing by 9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 17% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 -0.2% per year.

Engine Generator Imports

Imports in Southern Asia

In 2022, engine generator imports in Southern Asia declined to X units, with a decrease of -8.3% compared with the previous year's figure. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +14.1% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 29% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, engine generator imports reduced markedly to $X in 2022. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

India prevails in imports structure, accounting for X units, which was near 93% of total imports in 2022. Bangladesh (X units) and Pakistan (X units) took a relatively small share of total imports.

Imports into India increased at an average annual rate of +6.0% from 2012 to 2022. At the same time, Bangladesh (+10.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +10.5% from 2012-2022. By contrast, Pakistan (-21.1%) illustrated a downward trend over the same period. While the share of India (+28 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-20.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported generators for internal combustion engines in Southern Asia, comprising 98% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 0.6% share of total imports.

In India, engine generator imports increased at an average annual rate of +7.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+2.0% per year) and Pakistan (-24.8% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, falling by -16.8% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2020 when the import price increased by 58% against the previous year. The level of import peaked at $X per unit in 2021, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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