Australia: Engine Generator Market 2024

Engine Generator Market Size in Australia

In 2022, the Australian engine generator market increased by 19% to $X, rising for the third consecutive year after four years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Engine Generator Exports

Exports from Australia

Engine generator exports from Australia fell slightly to X units in 2022, approximately equating the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 61% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, engine generator exports skyrocketed to $X in 2022. Over the period under review, exports showed a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for engine generator exports from Australia, accounting for a 55% share of total exports. Moreover, engine generator exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), threefold. Papua New Guinea (X units) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.7% per year) and Papua New Guinea (-3.5% per year).

In value terms, the largest markets for engine generator exported from Australia were New Zealand ($X), the United States ($X) and Papua New Guinea ($X), with a combined 59% share of total exports. Japan, Germany, China, Belgium and the United Arab Emirates lagged somewhat behind, together comprising a further 15%.

Germany, with a CAGR of +34.4%, saw the highest growth rate of 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

The average engine generator export price stood at $X per unit in 2022, picking up by 23% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while the average price for exports to Belgium ($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 the United Arab Emirates (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Australia

In 2022, supplies from abroad of generators for internal combustion engines increased by 23% to X units, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, engine generator imports rose remarkably to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 66% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of engine generator to Australia, with a 68% share of total imports. Moreover, engine generator imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), tenfold. The third position in this ranking was taken by the United States (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.3% per year) and the United States (+1.5% per year).

In value terms, China ($X), the United States ($X) and Japan ($X) appeared to be the largest engine generator suppliers to Australia, together comprising 73% of total imports.

China, with a CAGR of +12.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average engine generator import price stood at $X per unit in 2022, dropping by -7.6% against the previous year. Overall, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2015 an increase of 67% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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