Price for Reciprocating or Rotary Internal Combustion Piston Engines in China - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in China (FOB) - 2024
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in China (CIF) - 2024
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in China
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in China
Price for Reciprocating or Rotary Internal Combustion Piston Engines in China (FOB) - 2024
The average export price for reciprocating or rotary internal combustion piston engineses stood at $209 per unit in February 2024, with an increase of 4.3% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 13% month-to-month. The export price peaked at $222 per unit in November 2023; however, from December 2023 to February 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Iran ($646 per unit), while the average price for exports to Nigeria ($48.5 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in China (CIF) - 2024
The average import price for reciprocating or rotary internal combustion piston engineses stood at $2,921 per unit in February 2024, growing by 21% against the previous month. Overall, import price indicated a buoyant increase from February 2023 to February 2024: its price increased at an average monthly rate of +5.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, import price for reciprocating or rotary internal combustion piston engineses increased by +51.2% against October 2023 indices. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 23% m-o-m. The import price peaked in February 2024.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Germany ($8,806 per unit), while the price for Thailand ($246 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Japan (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in China
In 2022, after three years of growth, there was significant decline in overseas shipments of reciprocating or rotary internal combustion piston engineses, when their volume decreased by -20.8% to 15M units. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, the exports of reached the maximum at 19M units in 2021, and then fell remarkably in the following year.
In value terms, exports of reciprocating or rotary internal combustion piston engineses declined to $2.9B in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $3.3B, and then reduced in the following year.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 447 | 511 | 453 | 504 | 4.1% |
| Vietnam | 86.1 | 232 | 372 | 200 | 32.4% |
| Belgium | 80.6 | 165 | 291 | 197 | 34.7% |
| Iran | 43.0 | 93.7 | 85.4 | 167 | 57.2% |
| Russia | 366 | 379 | 404 | 155 | -24.9% |
| United Arab Emirates | 31.9 | 44.7 | 80.4 | 122 | 56.4% |
| Germany | 93.5 | 73.4 | 63.1 | 90.7 | -1.0% |
| Nigeria | 49.5 | 45.0 | 65.0 | 75.0 | 14.9% |
| Indonesia | 76.6 | 45.7 | 81.7 | 70.2 | -2.9% |
| Japan | 173 | 53.2 | 64.9 | 65.9 | -27.5% |
| Brazil | 23.2 | 31.4 | 50.6 | 40.8 | 20.7% |
| Pakistan | 57.2 | 57.4 | 65.3 | 33.2 | -16.6% |
| Poland | 6.5 | 4.4 | 22.1 | 33.0 | 71.9% |
| Others | 1,087 | 794 | 1,207 | 1,193 | 3.2% |
| Total | 2,621 | 2,529 | 3,305 | 2,947 | 4.0% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from China in 2022:
- United States (2.4M units)
- Vietnam (2.0M units)
- Nigeria (1.2M units)
- Indonesia (0.6M units)
- Belgium (0.6M units)
- Russia (0.6M units)
- Pakistan (0.4M units)
- Germany (0.4M units)
- Japan (0.4M units)
- Brazil (0.3M units)
- Iran (0.3M units)
- United Arab Emirates (0.3M units)
- Poland (0.3M units)
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in China
For the third year in a row, China recorded decline in supplies from abroad of reciprocating or rotary internal combustion piston engineses, which decreased by -26% to 796K units in 2022. Over the period under review, imports showed a precipitous decrease. The smallest decline of -4.8% was in 2020. Imports peaked at 1.7M 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 contracted notably to $1.1B in 2022. Overall, imports continue to indicate a sharp shrinkage. The smallest decline of -17.2% was in 2020. Imports peaked at $2.5B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,499 | 1,449 | 885 | 431 | -34.0% |
| United States | 197 | 240 | 201 | 190 | -1.2% |
| Germany | 372 | 54.6 | 77.0 | 128 | -29.9% |
| Austria | 60.7 | 36.5 | 20.3 | 91.7 | 14.7% |
| Sweden | 94.5 | 151 | 112 | 60.2 | -14.0% |
| Thailand | 79.0 | 37.4 | 31.1 | 34.7 | -24.0% |
| France | 1.9 | 1.6 | 18.3 | 29.1 | 148.3% |
| Taiwan (Chinese) | 2.7 | 3.4 | 6.7 | 7.1 | 38.0% |
| Others | 189 | 94.8 | 156 | 138 | -10.0% |
| Total | 2,496 | 2,068 | 1,508 | 1,110 | -23.7% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to China in 2022:
- Japan (290.9K units)
- United States (229.2K units)
- Thailand (166.2K units)
- Sweden (19.5K units)
- Germany (18.0K units)
- France (15.4K units)
- Taiwan (Chinese) (12.1K units)
- Austria (12.0K units)
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