Australia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Australia

The Australian market for diesel engines (other than for motor vehicles and aircraft) dropped dramatically to $X in 2022, falling by -26.3% against the previous year. Overall, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Australia

In value terms, production of diesel engines (other than for motor vehicles and aircraft) contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 59%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Australia

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) exported from Australia surged to X units, increasing by 105% against the year before. Over the period under review, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) rose modestly to $X in 2022. In general, exports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 32%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X units), New Zealand (X units) and Poland (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Australia, with a combined 79% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +308.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Australia were New Zealand ($X), the United States ($X) and Papua New Guinea ($X), together accounting for 59% of total exports. Indonesia, Malaysia, Vietnam, Singapore, Lithuania, China and Poland lagged somewhat behind, together comprising a further 15%.

Lithuania, with a CAGR of +116.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, which is down by -49.9% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Australia

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were imported into Australia; growing by 26% against 2021 figures. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.9% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 43%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and Italy (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Australia, together comprising 71% of total imports. Germany, the United States, the UK, France and Indonesia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Australia, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.0% per year) and China (+7.8% per year).

Import Prices by Country

The average import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, picking up by 5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 an increase of 30%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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