Australia: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Australia

The Australian market for motor vehicle chassis fitted with engines declined to $X in 2022, which is down by -10.9% against the previous year. In general, consumption saw a abrupt decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Australia

In value terms, production of motor vehicle chassis fitted with engines stood at $X in 2022 estimated in export price. In general, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 17%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Australia

In 2022, exports of motor vehicle chassis fitted with engines from Australia surged to X units, growing by 53% against 2021 figures. Overall, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 278%. 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 soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 150%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X units), Malaysia (X units) and New Zealand (X units) were the main destinations of exports of motor vehicle chassis fitted with engines from Australia, with a combined 91% 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 Malaysia (with a CAGR of +76.6%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Malaysia ($X) and China ($X) were the largest markets for motor vehicle chassis fitted with engines exported from Australia worldwide, with a combined 87% share of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +102.6%, saw the highest rates of growth with regard to 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

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, reducing by -12.9% against the previous year. In general, the export price, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 377%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to New Zealand ($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 Solomon Islands (+6,910.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Australia

In 2022, overseas purchases of motor vehicle chassis fitted with engines decreased by -40.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2020 when imports increased by 46%. Imports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, imports of motor vehicle chassis fitted with engines fell rapidly to $X in 2022. Overall, imports showed a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 63% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Sweden (X units) and China (X units) were the main suppliers of imports of motor vehicle chassis fitted with engines to Australia, together accounting for 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +76.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Australia, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.1% per year) and China (+128.5% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, rising by 12% against the previous year. Overall, the import price, however, showed a deep slump. The growth pace was the most rapid in 2017 when the average import price increased by 27% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Poland ($X per unit), while the price for the United States ($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 (+29.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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