Australia and Oceania: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Australia and Oceania

In 2021, after two years of decline, there was significant growth in the market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Australia and Oceania, when its value increased by 30% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Australia and Oceania

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 170% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in Australia and Oceania

In 2021, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 27% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) contracted to $X in 2021. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand was the major exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Australia and Oceania, with the volume of exports recording X tons, which was near 61% of total exports in 2021. It was distantly followed by Australia (X tons), mixing up a 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of +17.9%).

In value terms, the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

In terms of the main exporting countries, New Zealand, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, reducing by -32.7% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-4.4%).

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in Australia and Oceania

In 2021, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 42% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a slight contraction. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia represented the major importer of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Australia and Oceania, with the volume of imports amounting to X tons, which was approx. 78% of total imports in 2021. It was distantly followed by New Zealand (X tons), generating a 14% share of total imports. Papua New Guinea (X tons) held a minor share of total imports.

Imports into Australia decreased at an average annual rate of -2.1% from 2012 to 2021. At the same time, New Zealand (+2.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +2.5% from 2012-2021. By contrast, Papua New Guinea (-5.3%) illustrated a downward trend over the same period. New Zealand (+4.6 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -2.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (+4.2% per year) and Papua New Guinea (-5.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, shrinking by -6.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2018 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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