Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India (FOB) - 2023
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India (CIF) - 2022
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India (FOB) - 2023
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $3,375 per unit in October 2023, growing by 5.9% against the previous month. Over the period from November 2022 to October 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in December 2022 when the average export price increased by 23% month-to-month. Over the period under review, the average export prices attained the peak figure at $4,439 per unit in January 2023; afterwards, it flattened through to October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($12,027 per unit), while the average price for exports to Nigeria ($1,308 per unit) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India (CIF) - 2022
In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $5,911 per unit, with a decrease of -40.3% against the previous year. In general, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of 173% against the previous year. The import price peaked at $10,546 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 South Korea ($19,853 per unit), while the price for China ($2,162 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India
In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs exported from India shrank to 538K units, with a decrease of -7.9% against 2021 figures. Overall, exports recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. Over the period under review, the exports of reached the maximum at 604K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs shrank modestly to $1.4B in 2022. Over the period under review, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, the exports of attained the maximum at $1.6B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 179 | 130 | 262 | 376 | 28.1% |
| Mexico | 21.7 | 13.1 | 26.8 | 155 | 92.6% |
| Nigeria | 200 | 126 | 165 | 151 | -8.9% |
| Iraq | 35.4 | 55.3 | 60.7 | 51.2 | 13.1% |
| Chile | 24.5 | 22.4 | 51.6 | 46.4 | 23.7% |
| Somalia | 16.8 | 29.4 | 45.7 | 44.9 | 38.8% |
| Peru | 58.2 | 26.9 | 40.5 | 42.2 | -10.2% |
| Indonesia | 9.5 | 10.9 | 18.1 | 37.8 | 58.5% |
| Ethiopia | 48.3 | 27.1 | 31.7 | 25.1 | -19.6% |
| Egypt | 46.3 | 80.0 | 109 | 25.0 | -18.6% |
| Sudan | 16.3 | 25.7 | 23.7 | 22.3 | 11.0% |
| Cambodia | 51.9 | 4.0 | 5.2 | 20.0 | -27.2% |
| Bangladesh | 69.9 | 31.9 | 32.0 | 9.8 | -48.1% |
| Others | 777 | 536 | 559 | 409 | -19.3% |
| Total | 1,555 | 1,118 | 1,431 | 1,416 | -3.1% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from India in 2022:
- Nigeria (112.9K units)
- Mexico (91.1K units)
- South Africa (56.1K units)
- Iraq (34.3K units)
- Somalia (24.8K units)
- Indonesia (21.8K units)
- Egypt (16.5K units)
- Peru (15.1K units)
- Sudan (14.4K units)
- Ethiopia (11.8K units)
- Cambodia (10.4K units)
- Chile (9.4K units)
- Bangladesh (4.6K units)
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India
In 2022, approx. 83 units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs were imported into India; increasing by 32% on 2021 figures. Over the period under review, imports recorded a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 423% against the previous year. As a result, imports attained the peak of 345 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs fell rapidly to $491K in 2022. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 309%. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.3 | 84.9 | 25.5 | 236 | 315.1% |
| Mexico | N/A | N/A | N/A | 78.3 | 0% |
| South Korea | 16.1 | 24.9 | N/A | 39.7 | 35.1% |
| Czech Republic | N/A | 172 | 25.5 | 29.6 | -58.5% |
| United Arab Emirates | 251 | 565 | 562 | 22.5 | -55.2% |
| Nigeria | N/A | N/A | N/A | 16.2 | 0% |
| China | 10.8 | 28.6 | N/A | 15.1 | 11.8% |
| Sri Lanka | 0.7 | N/A | N/A | 10.8 | 148.9% |
| Bangladesh | N/A | 331 | N/A | N/A | 0% |
| Others | 23.5 | 43.7 | 10.1 | 42.7 | 22.0% |
| Total | 305 | 1,250 | 623 | 491 | 17.2% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to India in 2022:
- United States (60.0 units)
- China (7.0 units)
- Mexico (5.0 units)
- United Arab Emirates (2.0 units)
- Sri Lanka (2.0 units)
- Nigeria (2.0 units)
- South Korea (2.0 units)
- Czech Republic (1.0 units)
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