Australia and Oceania: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Australia and Oceania

The market for motor vehicle chassis fitted with engines in Australia and Oceania shrank to $X in 2022, falling by -6.7% against the previous year. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in Australia and Oceania

In value terms, production of motor vehicle chassis fitted with engines expanded to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 22%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports in Australia and Oceania

In 2022, exports of motor vehicle chassis fitted with engines in Australia and Oceania stood at X units, picking up by 13% on the previous year's figure. Overall, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by 441% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines rose significantly to $X in 2022. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 148% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia represented the major exporter of motor vehicle chassis fitted with engines in Australia and Oceania, with the volume of exports amounting to X units, which was near 64% of total exports in 2022. It was distantly followed by New Zealand (X units) and French Polynesia (X units), together generating a 36% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motor vehicle chassis fitted with engines exports from Australia stood at -12.8%. At the same time, New Zealand (+25.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +25.5% from 2012-2022. French Polynesia experienced a relatively flat trend pattern. While the share of New Zealand (+25 p.p.) and French Polynesia (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-35.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest motor vehicle chassis fitted with engines supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was held by New Zealand ($X), with a 10% share of total exports.

In Australia, exports of motor vehicle chassis fitted with engines decreased by an average annual rate of -11.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+7.3% per year) and French Polynesia (0.0% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, leveling off at the previous year. In general, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2013 an increase of 341% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.2%).

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in purchases abroad of motor vehicle chassis fitted with engines, when their volume decreased by -37.4% to X units. Overall, imports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2016 when imports increased by 59% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then declined rapidly in the following year.

In value terms, imports of motor vehicle chassis fitted with engines reduced markedly to $X in 2022. In general, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 45% against the previous year. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in engines structure, amounting to X units, which was approx. 91% of total imports in 2022. New Caledonia (X units), Papua New Guinea (X units) and New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the motor vehicle chassis fitted with engines imports, with a CAGR of +3.9% from 2012 to 2022. New Caledonia (-1.3%), Papua New Guinea (-3.5%) and New Zealand (-17.0%) illustrated a downward trend over the same period. Australia (+15 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -11.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported motor vehicle chassis fitted with engines in Australia and Oceania, comprising 97% of total imports. The second position in the ranking was taken by New Caledonia ($X), with a 1% share of total imports. It was followed by New Zealand, with a 0.8% share.

In Australia, imports of motor vehicle chassis fitted with engines decreased by an average annual rate of -2.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Caledonia (-14.0% per year) and New Zealand (-28.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, rising by 6.6% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 22%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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