Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia - 2022
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia (FOB) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia (CIF) - 2022
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia (FOB) - 2022
In 2021, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $5,649 per unit, leveling off at the previous year. Over the period from 2015 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2018 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($4,817 per unit), while the average price for exports to Turkey ($267 per unit) was amongst the lowest.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+138,563.7%), 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) in Saudi Arabia (CIF) - 2022
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $1,433 per unit in 2021, falling by -13.3% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33%. The import price peaked at $3,619 per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($16,461 per unit), while the price for South Korea ($182 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+40.5%), while the prices for the other major suppliers experienced a decline.
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia
In 2022, approx. 537 units of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) were exported from Saudi Arabia; increasing by 690% compared with the previous year. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) skyrocketed to $2.3M in 2022. Over the period under review, exports saw a resilient increase. As a result, the exports attained 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) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| United Arab Emirates | 843 | 812 | -3.7% | ||
| Jordan | 24.2 | 181 | 647.9% | ||
| Iraq | 2.7 | 41.5 | 1437.0% | ||
| Yemen | N/A | 9.7 | 0% | ||
| Sudan | 170 | 6.5 | -96.2% | ||
| Turkey | N/A | 4.8 | 0% | ||
| Syrian Arab Republic | 4.6 | N/A | 0% | ||
| United States | 125 | N/A | 0% | ||
| France | 1,231 | N/A | 0% | ||
| South Africa | 5.8 | N/A | 0% | ||
| Others | -623.9 | -671.6 | 7.6% | ||
| Total | 1,782 | 384 | -78.5% | ||
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Saudi Arabia in 2022:
- Jordan (522.0 units)
- United Arab Emirates (277.0 units)
- Iraq (112.0 units)
- Yemen (32.0 units)
- Turkey (18.0 units)
- Sudan (9.0 units)
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia
For the third year in a row, Saudi Arabia recorded growth in purchases abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), which increased by 22% to 113K units in 2021. Overall, total imports indicated a significant expansion from 2019 to 2021: its volume increased at an average annual rate of +24.7% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 28%. Imports peaked in 2021 and are likely to see steady growth in the near future.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) expanded significantly to $163M in 2021. The total import value increased at an average annual rate of +2.4% from 2019 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 55.2 | 58.3 | 73.4 | 15.3% | |
| Japan | 48.5 | 40.2 | 25.7 | -27.2% | |
| United States | 15.8 | 25.7 | 17.6 | 5.5% | |
| India | 6.3 | 7.1 | 11.4 | 34.5% | |
| China | 5.3 | 6.4 | 10.6 | 41.4% | |
| Italy | 1.6 | 2.7 | 2.9 | 34.6% | |
| France | 5.8 | 1.4 | 2.8 | -30.5% | |
| South Korea | 1.2 | 1.1 | 1.8 | 22.5% | |
| Others | 15.3 | 11.0 | 16.4 | 3.5% | |
| Total | 155 | 154 | 163 | 2.5% | |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Saudi Arabia in 2022:
- China (35.7K units)
- Japan (20.0K units)
- Germany (15.2K units)
- United States (10.4K units)
- South Korea (10.0K units)
- Italy (7.5K units)
- France (2.1K units)
- India (0.7K units)
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