Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in Canada - 2023

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Canada (CIF) - 2023
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Canada (FOB) - 2022
3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Canada
4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Canada

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Canada (CIF) - 2023

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $33,726 per unit in October 2023, with an increase of 61% against the previous month. In general, the import price enjoyed a slight increase. The most prominent rate of growth was recorded in July 2023 an increase of 383% against the previous month. As a result, import price reached the peak level of $56,988 per unit. From August 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($87,681 per unit), while the price for the UK ($8,319 per unit) was amongst the lowest.

From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Canada (FOB) - 2022

In 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $10,484 per unit, increasing by 16% against the previous year. Overall, the export price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 254%. As a result, the export price reached the peak level of $48,095 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($38,041 per unit), while the average price for exports to the United States ($6,479 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 Grenada (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Canada

Imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion into Canada contracted to 1.5K units in 2022, waning by -11.3% on the previous year's figure. Overall, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 34%. Imports peaked at 1.8K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion shrank remarkably to $36M in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 97%. As a result, imports reached the peak of $53M, and then reduced dramatically in the following year.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Canada in 2022:

1. United States (516.0 units)
2. Sweden (261.0 units)
3. Japan (231.0 units)
4. France (105.0 units)
5. United Kingdom (96.0 units)
6. Germany (95.0 units)
7. Mexico (93.0 units)
8. Italy (59.0 units)
9. China (41.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Canada

In 2022, overseas shipments of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion were finally on the rise to reach 199 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous descent. Over the period under review, the exports of hit record highs at 1.7K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion skyrocketed to $2.1M in 2022. In general, exports, however, recorded a dramatic descent. The exports peaked at $6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from Canada in 2022:

1. United States (109.0 units)
2. United Kingdom (28.0 units)
3. Panama (26.0 units)
4. Malaysia (10.0 units)
5. Qatar (8.0 units)
6. Grenada (7.0 units)
7. United Arab Emirates (3.0 units)

Source: IndexBox Market Intelligence Platform