Price for Reciprocating or Rotary Internal Combustion Piston Engines in India - 2023
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in India (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in India (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in India
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in India
Price for Reciprocating or Rotary Internal Combustion Piston Engines in India (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $1,059 per unit in 2022, which is down by -13.9% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 148%. Over the period under review, average import prices reached the peak figure at $3,019 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,262 per unit), while the price for Thailand ($243 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in India (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $656 per unit, increasing by 20% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 an increase of 36%. As a result, the export price attained the peak level of $2,869 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($2,261 per unit), while the average price for exports to Bangladesh ($266 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 Colombia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in India
In 2022, approx. 494K units of reciprocating or rotary internal combustion piston engineses were imported into India; surging by 4.4% on the previous year's figure. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of reciprocating or rotary internal combustion piston engineses shrank to $526M in 2022. Overall, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports of hit record highs at $660M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 61.2 | 63.4 | 159 | 215 | 52.0% |
| South Korea | 159 | 62.8 | 58.6 | 69.1 | -24.3% |
| United States | 103 | 68.0 | 87.9 | 39.6 | -27.3% |
| Singapore | 13.4 | 27.7 | 8.8 | 18.0 | 10.3% |
| Slovenia | 15.1 | 31.8 | 8.6 | 17.9 | 5.8% |
| Czech Republic | 1.8 | 29.5 | 28.1 | 17.3 | 112.6% |
| Japan | 10.1 | 9.2 | 10.6 | 12.7 | 7.9% |
| Italy | 9.8 | 7.5 | 13.4 | 10.9 | 3.6% |
| South Africa | 83.2 | 38.3 | 48.1 | 10.2 | -50.3% |
| Thailand | 8.0 | 5.7 | 10.0 | 8.8 | 3.2% |
| Slovakia | 2.7 | 0.6 | 32.9 | 7.3 | 39.3% |
| Indonesia | 0.3 | N/A | 0.7 | 5.4 | 162.1% |
| Romania | 49.8 | 34.8 | 34.0 | 0.9 | -73.8% |
| Others | 141 | 52.0 | 81.6 | 93.8 | -12.7% |
| Total | 660 | 431 | 582 | 526 | -7.3% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to India in 2022:
- South Korea (163.1K units)
- China (155.4K units)
- Thailand (36.2K units)
- Italy (21.0K units)
- United States (17.6K units)
- Indonesia (15.5K units)
- Japan (15.3K units)
- Slovenia (14.1K units)
- Czech Republic (13.3K units)
- Singapore (9.2K units)
- South Africa (8.9K units)
- Slovakia (5.8K units)
- Romania (0.7K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in India
In 2022, after three years of growth, there was decline in shipments abroad of reciprocating or rotary internal combustion piston engineses, when their volume decreased by -1.7% to 720K units. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. As a result, the exports reached the peak of 733K units, and then fell in the following year.
In value terms, exports of reciprocating or rotary internal combustion piston engineses surged to $514M in 2022. The total export value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 94.0 | 90.0 | 119 | 114 | 6.6% |
| Bangladesh | 42.5 | 44.5 | 80.2 | 88.9 | 27.9% |
| Malaysia | 37.9 | 17.4 | 17.8 | 58.3 | 15.4% |
| United States | 13.9 | 44.7 | 22.4 | 43.3 | 46.0% |
| Belgium | 29.4 | 11.8 | 17.9 | 29.6 | 0.2% |
| Egypt | 16.8 | 22.5 | 34.3 | 24.5 | 13.4% |
| Thailand | 0.3 | 0.6 | 0.2 | 20.0 | 305.5% |
| Singapore | 46.7 | 55.8 | 4.4 | 13.2 | -34.4% |
| Others | 128 | 151 | 112 | 123 | -1.3% |
| Total | 409 | 438 | 409 | 514 | 7.9% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from India in 2022:
- Bangladesh (333.9K units)
- Malaysia (88.6K units)
- Turkey (71.5K units)
- Egypt (43.2K units)
- United States (38.5K units)
- Belgium (34.3K units)
- Thailand (27.5K units)
- Singapore (15.2K units)
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