Australia and Oceania: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Australia and Oceania

After five years of growth, the motor vehicle engine market in Australia and Oceania decreased by -6.6% to $X in 2021. In general, consumption, however, saw a buoyant increase. The level of consumption peaked at $X in 2020, and then declined in the following year.

Motor Vehicle Engine Production in Australia and Oceania

In value terms, motor vehicle engine production dropped to $X in 2021 estimated in export price. In general, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 34%. The level of production peaked at $X in 2020, and then dropped in the following year.

Motor Vehicle Engine Exports

Exports in Australia and Oceania

In 2021, after seven years of decline, there was significant growth in shipments abroad of motor vehicle engines (spark-ignition), when their volume increased by 6% to X tons. Overall, exports, however, saw a sharp decline. The most prominent rate of growth was recorded in 2013 with an increase of 6.1%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, motor vehicle engine exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a dramatic slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand was the largest exporting country with an export of around X tons, which finished at 84% of total exports. It was distantly followed by Australia (X tons), creating a 16% share of total exports.

New Zealand was also the fastest-growing in terms of the motor vehicle engines (spark-ignition) exports, with a CAGR of -28.4% from 2012 to 2021. Australia (-41.1%) illustrated a downward trend over the same period. New Zealand (+36 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -36.5% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest motor vehicle engine supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was held by Australia ($X), with a 16% share of total exports.

In New Zealand, motor vehicle engine exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, jumping by 25% against the previous year. In general, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2019 when the export price increased by 141%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+40.6%).

Motor Vehicle Engine Imports

Imports in Australia and Oceania

In 2021, overseas purchases of motor vehicle engines (spark-ignition) were finally on the rise to reach X tons after four years of decline. In general, imports, however, recorded a deep contraction. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, motor vehicle engine imports surged to $X in 2021. Overall, imports, however, faced a abrupt contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the key importer of motor vehicle engines (spark-ignition) in Australia and Oceania, with the volume of imports amounting to X tons, which was near 75% of total imports in 2021. New Zealand (X tons) took the second position in the ranking, distantly followed by Micronesia (X tons). All these countries together took near 21% share of total imports. Papua New Guinea (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to motor vehicle engine imports into Australia stood at -18.1%. At the same time, Papua New Guinea (+9.1%) and Micronesia (+3.5%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.1% from 2012-2021. By contrast, New Zealand (-6.6%) illustrated a downward trend over the same period. While the share of New Zealand (+9.2 p.p.), Micronesia (+5.5 p.p.) and Papua New Guinea (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-17.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports. It was followed by Papua New Guinea, with a 1.1% share.

In Australia, motor vehicle engine imports decreased by an average annual rate of -20.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.4% per year) and Papua New Guinea (+5.1% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, which is down by -2.9% against the previous year. Overall, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 29% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per ton), while Micronesia ($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 (+9.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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