China - Equipment For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Internal Combustion Engine Equipment in China - 2023
Contents:
- Price for Internal Combustion Engine Equipment in China (FOB) - 2022
- Price for Internal Combustion Engine Equipment in China (CIF) - 2022
- Exports of Internal Combustion Engine Equipment in China
- Imports of Internal Combustion Engine Equipment in China
Price for Internal Combustion Engine Equipment in China (FOB) - 2022
In 2022, the average internal combustion engine equipment export price amounted to $2.4 per unit, increasing by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The growth pace was the most rapid in 2016 when the average export price increased by 25%. As a result, the export price reached the peak level of $2.9 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5.8 per unit), while the average price for exports to Iraq ($0.5 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 the United States (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Internal Combustion Engine Equipment in China (CIF) - 2022
In 2022, the average internal combustion engine equipment import price amounted to $7.1 per unit, falling by -19.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 10%. As a result, import price attained the peak level of $8.9 per unit, and then shrank rapidly 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 the United States ($732 per unit), while the price for India ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Internal Combustion Engine Equipment in China
In 2022, approx. 28M units of equipment for internal combustion engines were exported from China; picking up by 3.1% compared with the year before. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 37%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, internal combustion engine equipment exports expanded sharply to $68M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +55.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Internal Combustion Engine Equipment in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 5.1 | 7.1 | 8.9 | 7.8% |
| Indonesia | 2.5 | 3.2 | 4.5 | 4.9 | 25.1% |
| Japan | 3.4 | 2.6 | 4.0 | 4.3 | 8.1% |
| Vietnam | 1.8 | 2.1 | 3.3 | 2.8 | 15.9% |
| Pakistan | 3.1 | 3.0 | 4.6 | 2.6 | -5.7% |
| Philippines | 1.2 | 0.9 | 1.9 | 2.6 | 29.4% |
| Brazil | 1.6 | 1.6 | 1.8 | 2.3 | 12.9% |
| United Arab Emirates | 0.4 | 0.8 | 1.5 | 2.1 | 73.8% |
| Malaysia | 1.6 | 1.6 | 1.9 | 2.1 | 9.5% |
| Colombia | 1.1 | 1.1 | 2.1 | 1.9 | 20.0% |
| Bangladesh | 0.4 | 0.2 | 0.7 | 0.9 | 31.0% |
| Egypt | 0.9 | 0.7 | 1.3 | 0.8 | -3.9% |
| Iraq | 0.7 | 1.0 | 0.5 | 0.4 | -17.0% |
| Others | 24.6 | 19.5 | 26.3 | 30.9 | 7.9% |
| Total | 50.4 | 43.4 | 61.6 | 67.6 | 10.3% |
Top Export Markets for Internal Combustion Engine Equipment from China in 2022:
- Indonesia (2.4M units)
- Japan (2.1M units)
- Brazil (1.5M units)
- United States (1.5M units)
- Vietnam (1.5M units)
- Pakistan (1.3M units)
- Bangladesh (1.3M units)
- Philippines (1.3M units)
- Iraq (1.0M units)
- Egypt (0.7M units)
- United Arab Emirates (0.7M units)
- Colombia (0.7M units)
- Malaysia (0.6M units)
Imports of Internal Combustion Engine Equipment in China
In 2022, supplies from abroad of equipment for internal combustion engines decreased by -9.2% to 1.7M units, falling for the second year in a row after two years of growth. In general, imports recorded a mild descent. The most prominent rate of growth was recorded in 2020 with an increase of 5.7%. As a result, imports reached the peak of 1.9M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, internal combustion engine equipment imports shrank markedly to $12M in 2022. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 9% against the previous year. As a result, imports reached the peak of $17M, and then declined dramatically in the following year.
| Import of Internal Combustion Engine Equipment in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.3 | 7.5 | 8.2 | 4.7 | -3.9% |
| France | 1.6 | 2.0 | 1.9 | 1.5 | -2.1% |
| India | 1.2 | 1.0 | 0.5 | 1.1 | -2.9% |
| Germany | 1.3 | 0.7 | 1.0 | 1.0 | -8.4% |
| Slovenia | 0.1 | 0.3 | 0.8 | 0.4 | 58.7% |
| United Kingdom | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| South Korea | 0.7 | 0.2 | 0.1 | 0.1 | -47.7% |
| Taiwan (Chinese) | 0.1 | N/A | N/A | N/A | 0% |
| Others | 5.0 | 3.8 | 4.3 | 3.4 | -12.1% |
| Total | 15.5 | 15.5 | 16.9 | 12.3 | -7.4% |
Top Suppliers of Internal Combustion Engine Equipment to China in 2022:
- Japan (595.7K units)
- India (461.1K units)
- France (367.3K units)
- Germany (106.6K units)
- Slovenia (42.5K units)
- South Korea (31.6K units)
- United Kingdom (28.2K units)
This report provides an in-depth analysis of the market for internal combustion engine equipment in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312270 - Equipment, n.e.c., for internal combustion engines
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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