Australia and Oceania: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Australia and Oceania

In 2021, the fuel or lubricating pump market in Australia and Oceania increased by 16% to $X, rising for the second year in a row after seven years of decline. In general, consumption, however, saw a slight shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Australia and Oceania

In value terms, fuel or lubricating pump production fell notably to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 48%. Over the period under review, production hit record highs at $X in 2020, and then reduced remarkably in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports in Australia and Oceania

In 2021, exports of fuel, lubricating or cooling-medium pumps for internal combustion engines in Australia and Oceania rose sharply to X units, picking up by 14% on the year before. Total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.2% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of 62%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia represented the main exporting country with an export of about X units, which reached 85% of total exports. It was distantly followed by New Zealand (X units), mixing up a 12% share of total exports.

Australia was also the fastest-growing in terms of the fuel, lubricating or cooling-medium pumps for internal combustion engines exports, with a CAGR of +8.1% from 2012 to 2021. New Zealand experienced a relatively flat trend pattern. From 2012 to 2021, the share of Australia increased by +23 percentage points.

In value terms, Australia ($X) remains the largest fuel or lubricating pump supplier in Australia and Oceania, comprising 92% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +3.4%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, picking up by 30% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-1.8%).

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports in Australia and Oceania

In 2021, supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 5.6% to X units, rising for the second year in a row after seven years of decline. In general, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fuel or lubricating pump imports soared to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the major importing country with an import of about X units, which accounted for 82% of total imports. It was distantly followed by New Zealand (X units), comprising a 13% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fuel or lubricating pump imports into Australia stood at -5.1%. New Zealand (-1.1%) illustrated a downward trend over the same period. While the share of New Zealand (+4.6 p.p.) and Australia (+4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported fuel, lubricating or cooling-medium pumps for internal combustion engines in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total imports.

In Australia, fuel or lubricating pump imports increased at an average annual rate of +1.2% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, surging by 13% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2017 when the import price increased by 40%. Over the period under review, import prices attained the maximum in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.7%).

Source: IndexBox Platform

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