Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in the United Kingdom - 2023
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK (FOB) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK (CIF) - 2022
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $6,224 per unit in 2022, with an increase of 31% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 44% against the previous year. The export price peaked at $7,819 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($20,703 per unit), while the average price for exports to India ($1,601 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 Australia (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK (CIF) - 2022
In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $6,495 per unit, which is down by -48.8% against the previous year. In general, the import price, however, posted a notable increase. The pace of growth was the most pronounced in 2016 an increase of 177% against the previous year. The import price peaked at $12,677 per unit in 2021, and then shrank remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($32,897 per unit), while the price for China ($913 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK
After three years of growth, shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion decreased by -5.6% to 19K units in 2022. The total export volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 29% against the previous year. The exports peaked at 20K units in 2021, and then reduced in the following year.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion soared to $116M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.3 | 26.6 | 25.3 | 36.0 | 15.6% |
| France | 8.3 | 9.1 | 9.6 | 12.9 | 15.8% |
| Italy | 6.4 | 3.1 | 5.8 | 6.2 | -1.1% |
| China | 8.4 | 5.9 | 6.1 | 5.8 | -11.6% |
| Netherlands | 1.0 | 2.3 | 4.6 | 4.1 | 60.1% |
| India | 0.1 | N/A | 0.1 | 4.1 | 244.8% |
| Sweden | 2.7 | 3.7 | 5.9 | 3.8 | 12.1% |
| Norway | 1.3 | 1.5 | 2.0 | 2.7 | 27.6% |
| Denmark | 1.5 | 2.0 | 1.6 | 2.1 | 11.9% |
| Canada | 2.4 | 2.0 | 1.5 | 1.7 | -10.9% |
| Australia | 1.6 | 0.9 | 0.7 | 1.6 | 0.0% |
| Hong Kong SAR | 5.5 | 0.8 | 0.6 | 0.5 | -55.0% |
| Nigeria | 1.4 | 0.3 | 0.6 | 0.1 | -58.5% |
| Others | 51.7 | 45.7 | 29.3 | 34.4 | -12.7% |
| Total | 115 | 104 | 93.8 | 116 | 0.3% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from the UK in 2022:
- United States (6.2K units)
- China (3.2K units)
- India (2.6K units)
- Sweden (0.9K units)
- France (0.6K units)
- Norway (0.6K units)
- Netherlands (0.5K units)
- Canada (0.4K units)
- Italy (0.4K units)
- Denmark (0.3K units)
- Australia (0.3K units)
- Nigeria (0.1K units)
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK
In 2022, purchases abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion was finally on the rise to reach 14K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at 14K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion skyrocketed to $90M in 2022. Overall, imports, however, saw a deep setback. Over the period under review, imports of hit record highs at $109M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 54.4 | 29.8 | 43.0 | 50.4 | -2.5% |
| Sweden | 22.0 | 20.6 | 9.2 | 16.1 | -9.9% |
| United States | 7.0 | 5.5 | 2.0 | 7.1 | 0.5% |
| Japan | 2.9 | 2.0 | 1.4 | 4.4 | 14.9% |
| France | 1.9 | 1.7 | 0.9 | 3.0 | 16.4% |
| Netherlands | 4.0 | 3.0 | 4.7 | 1.2 | -33.1% |
| China | 0.7 | 0.1 | 0.1 | 0.4 | -17.0% |
| Belgium | 7.5 | 0.9 | 1.2 | 0.2 | -70.1% |
| Others | 8.3 | 3.8 | 3.1 | 6.8 | -6.4% |
| Total | 109 | 67.5 | 65.5 | 89.7 | -6.3% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to the UK in 2022:
- Germany (7.5K units)
- Japan (3.3K units)
- United States (0.8K units)
- France (0.6K units)
- Sweden (0.5K units)
- China (0.4K units)
- Netherlands (0.2K units)
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