Australia: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Australia

In 2021, the Australian fuel or lubricating pump market increased by 15% to $X, rising for the third year in a row after four years of decline. Overall, consumption, however, continues to indicate a slight curtailment. Fuel or lubricating pump consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Australia

In 2021, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 10% to X units, rising for the third year in a row after two years of decline. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 65% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, fuel or lubricating pump exports soared to $X in 2021. Over the period under review, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 increased by +62.0% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X units), the United States (X units) and China (X units) were the main destinations of fuel or lubricating pump exports from Australia, with a combined 76% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +36.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), New Zealand ($X) and Singapore ($X) constituted the largest markets for fuel or lubricating pump exported from Australia worldwide, with a combined 46% share of total exports. China, Belgium, Italy, Germany and the United Arab Emirates lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, China, with a CAGR of +39.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, with an increase of 38% against the previous year. In general, the export price, however, recorded a noticeable decrease. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Australia

In 2021, purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 6% to X units, rising for the third year in a row after three years of decline. In general, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 21%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and the United States (X units) were the main suppliers of fuel or lubricating pump imports to Australia, with a combined 59% share of total imports. Germany, Thailand, South Korea, Mexico, Italy, Taiwan (Chinese) and Canada lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fuel or lubricating pump suppliers to Australia were the United States ($X), Mexico ($X) and Germany ($X), with a combined 57% share of total imports. These countries were followed by China, Japan, Italy, Thailand, South Korea, Taiwan (Chinese) and Canada, which together accounted for a further 24%.

Taiwan (Chinese), with a CAGR of +12.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fuel or lubricating pump import price amounted to $X per unit, increasing by 12% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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