Australia and Oceania: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in Australia and Oceania

In 2021, the internal combustion engines market in Australia and Oceania decreased by -5.6% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption recorded a slight downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Internal Combustion Engines Production in Australia and Oceania

In value terms, internal combustion engines production reduced to $X in 2021 estimated in export price. In general, production showed a slight downturn. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports in Australia and Oceania

In 2021, the amount of motor vehicles compression-ignition internal combustion piston engines exported in Australia and Oceania skyrocketed to X units, growing by 36% on the previous year's figure. Overall, exports recorded mild growth. The pace of growth was the most pronounced in 2016 with an increase of 60%. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, internal combustion engines exports shrank to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 decreased by -23.1% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by 30%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the two major exporters of motor vehicles compression-ignition internal combustion piston engines, namely Australia and New Zealand, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +2.7%).

In value terms, Australia ($X) remains the largest internal combustion engines supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total exports.

In Australia, internal combustion engines exports increased at an average annual rate of +2.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, dropping by -37.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 118% against the previous year. The level of export peaked at $X per unit in 2020, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+1.6%).

Internal Combustion Engines Imports

Imports in Australia and Oceania

In 2021, after two years of decline, there was significant growth in overseas purchases of motor vehicles compression-ignition internal combustion piston engines, when their volume increased by 41% to X units. Over the period under review, imports, however, showed a noticeable slump. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, internal combustion engines imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, accounting for X units, which was near 85% of total imports in 2021. It was distantly followed by New Zealand (X units), mixing up a 5% share of total imports. The following importers - Fiji (X units) and Papua New Guinea (X units) - each accounted for an 8.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to internal combustion engines imports into Australia stood at -4.7%. At the same time, Fiji (+7.6%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.6% from 2012-2021. By contrast, New Zealand (-1.3%) and Papua New Guinea (-7.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Fiji increased by +2.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported motor vehicles compression-ignition internal combustion piston engines in Australia and Oceania, comprising 95% of total imports. The second position in the ranking was held by New Zealand ($X), with a 2.9% share of total imports. It was followed by Papua New Guinea, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -2.0%. In the other countries, the average annual rates were as follows: New Zealand (-2.3% per year) and Papua New Guinea (-4.1% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, falling by -2.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 an increase of 33%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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