Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Vietnam - 2022
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Vietnam (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Vietnam (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Vietnam
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Vietnam
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Vietnam (CIF) - 2022
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $2,400 per unit in 2022, picking up by 27% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 119%. The import price peaked at $8,633 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,871 per unit), while the price for India ($1,843 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.8%), 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) in Vietnam (FOB) - 2022
In December 2022, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $30,734 per unit, falling by -67.2% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 690% month-to-month. As a result, the export price attained the peak level of $103K per unit. From October 2022 to December 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was South Korea ($9,877 per unit), while the average price for exports to Japan ($5,676 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+14.3%), 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) in Vietnam
Imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into Vietnam reached 141K units in 2022, surging by 1.9% against the year before. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 79% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) soared to $338M in 2022. Overall, imports, however, showed a abrupt decline. Imports peaked at $449M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 147 | 148 | 89.6 | 114 | -8.1% |
| China | 119 | 87.3 | 58.1 | 87.2 | -9.8% |
| Japan | 87.5 | 107 | 67.2 | 79.5 | -3.1% |
| India | 2.3 | 2.9 | 8.9 | 21.5 | 110.7% |
| Thailand | 23.9 | 25.8 | 19.8 | 20.6 | -4.8% |
| Others | 69.5 | 71.1 | 18.1 | 15.3 | -39.6% |
| Total | 449 | 442 | 262 | 338 | -9.0% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Vietnam in 2022:
- South Korea (49.7K units)
- Japan (35.9K units)
- China (31.7K units)
- India (11.7K units)
- Thailand (9.2K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Vietnam
After two years of decline, overseas shipments of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) increased by 26% to 583 units in 2022. Overall, exports, however, saw a deep downturn. The exports peaked at 943 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) surged to $10M in 2022. In general, exports showed a significant increase. 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) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 27.9 | 187 | 1,209 | 3,301 | 390.9% |
| China | 0.8 | N/A | 49.8 | 3,244 | 1494.6% |
| Malaysia | 854 | 757 | 722 | 875 | 0.8% |
| Iraq | 172 | 208 | 60.6 | 415 | 34.1% |
| India | 137 | 152 | N/A | 344 | 35.9% |
| Nigeria | N/A | 88.0 | N/A | 329 | 93.4% |
| Taiwan (Chinese) | 47.9 | 91.9 | 68.1 | 267 | 77.3% |
| Sri Lanka | 79.1 | 421 | 1,392 | 217 | 40.0% |
| Japan | 81.1 | 43.9 | 367 | 195 | 34.0% |
| Philippines | 1,139 | 473 | 242 | 93.0 | -56.6% |
| Australia | 13.2 | 135 | 137 | 88.0 | 88.2% |
| Cambodia | 1,557 | 66.6 | 93.3 | 38.3 | -70.9% |
| Mozambique | 1.8 | N/A | N/A | 2.8 | 15.9% |
| Others | 556 | 2,209 | 2,329 | 807 | 13.2% |
| Total | 4,666 | 4,832 | 6,670 | 10,216 | 29.9% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Vietnam in 2022:
- China (210.0 units)
- United Arab Emirates (172.0 units)
- Malaysia (45.0 units)
- Iraq (22.0 units)
- Nigeria (18.0 units)
- Japan (17.0 units)
- India (14.0 units)
- Taiwan (Chinese) (10.0 units)
- Sri Lanka (10.0 units)
- Mozambique (9.0 units)
- Australia (5.0 units)
- Philippines (5.0 units)
- Cambodia (2.0 units)
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