Price for Reciprocating or Rotary Internal Combustion Piston Engines in the United States - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in the United States (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in the United States (FOB) - 2024
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in the United States
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in the United States
Price for Reciprocating or Rotary Internal Combustion Piston Engines in the United States (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $1,172 per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $1,173 per unit, leveling off 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 Germany ($5,503 per unit), while the price for China ($186 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in the United States (FOB) - 2024
The average export price for reciprocating or rotary internal combustion piston engineses stood at $1,764 per unit in February 2024, rising by 5.4% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in August 2023 when the average export price increased by 15% m-o-m. As a result, the export price reached the peak level of $2,206 per unit; afterwards, it flattened through to February 2024.
There were significant differences in the average prices for the major overseas markets. In February 2024, the country with the highest price was Canada ($2,107 per unit), while the average price for exports to Germany ($368 per unit) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in the United States
In 2022, overseas purchases of reciprocating or rotary internal combustion piston engineses increased by 9.7% to 10M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced descent. Imports peaked at 11M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of reciprocating or rotary internal combustion piston engineses stood at $11.9B in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 3.5 | 2.9 | 2.9 | 3.3 | -1.9% |
| Japan | 2.1 | 1.4 | 1.8 | 2.3 | 3.1% |
| Canada | 2.4 | 2.0 | 2.0 | 2.2 | -2.9% |
| Germany | 0.9 | 1.2 | 1.3 | 1.3 | 13.0% |
| South Korea | 0.5 | 0.4 | 0.5 | 0.6 | 6.3% |
| China | 0.4 | 0.5 | 0.4 | 0.4 | 0.0% |
| Thailand | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 1.4 | 1.5 | 1.6 | 1.6 | 4.6% |
| Total | 11.3 | 10.0 | 10.7 | 11.9 | 1.7% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to the United States in 2022:
- Japan (3.0M units)
- China (2.4M units)
- Mexico (1.6M units)
- Thailand (0.9M units)
- Canada (0.7M units)
- South Korea (0.3M units)
- Germany (0.2M units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in the United States
In 2022, after two years of decline, there was growth in shipments abroad of reciprocating or rotary internal combustion piston engineses, when their volume increased by 3.2% to 3.8M units. In general, exports, however, showed a abrupt shrinkage. The exports peaked at 4.8M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of reciprocating or rotary internal combustion piston engineses surged to $6.5B in 2022. Over the period under review, exports, however, saw a noticeable contraction. The exports peaked at $6.9B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3,554 | 3,034 | 2,743 | 2,773 | -7.9% |
| Mexico | 1,572 | 1,274 | 1,511 | 2,215 | 12.1% |
| China | 184 | 241 | 187 | 150 | -6.6% |
| Germany | 174 | 97.4 | 40.2 | 34.5 | -41.7% |
| France | 6.2 | 2.9 | 3.2 | 31.9 | 72.6% |
| Italy | 141 | 111 | 38.1 | 19.2 | -48.6% |
| Austria | 24.8 | 18.0 | 19.0 | 9.6 | -27.1% |
| Others | 1,228 | 987 | 1,088 | 1,245 | 0.5% |
| Total | 6,885 | 5,765 | 5,629 | 6,479 | -2.0% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from the United States in 2022:
- Mexico (1585.4K units)
- Canada (1295.6K units)
- China (167.2K units)
- France (92.7K units)
- Italy (49.6K units)
- Austria (35.1K units)
- Germany (33.0K units)
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