New Zealand: 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 New Zealand

The New Zealand market for diesel engines (other than for motor vehicles and aircraft) contracted to $X in 2022, with a decrease of -14.6% against the previous year. In general, consumption, however, recorded a resilient increase. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of diesel engines (other than for motor vehicles and aircraft) declined to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 79% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from New Zealand

For the fourth year in a row, New Zealand recorded growth in overseas shipments of diesel engines (other than for motor vehicles and aircraft), which increased by 71% to X units in 2022. In general, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 107%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 57%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from New Zealand, with a 85% share of total exports. Moreover, exports of diesel engines (other than for motor vehicles and aircraft) to Australia exceeded the volume sent to the second major destination, Fiji (X units), more than tenfold. Samoa (X units) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-15.1% per year) and Samoa (+22.3% per year).

In value terms, Australia ($X) remains the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from New Zealand, comprising 79% of total exports. The second position in the ranking was held by Fiji ($X), with a 4.7% share of total exports. It was followed by Samoa, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-15.3% per year) and Samoa (+21.8% per year).

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, reducing by -17.4% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Samoa ($X per unit), while the average price for exports to Germany ($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 Greece (+478.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into New Zealand

Imports of diesel engines (other than for motor vehicles and aircraft) into New Zealand reduced modestly to X units in 2022, falling by -4.1% compared with 2021 figures. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, imports reached the peak of X units, and then dropped modestly in the following year.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) expanded markedly to $X in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 38%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), China (X units) and the UK (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to New Zealand, together accounting for 52% of total imports. Italy, Australia, France, the United States, Germany and Sweden lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +32.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Japan ($X) and the United States ($X) constituted the largest diesel engines (other than for motor vehicles and aircraft) suppliers to New Zealand, with a combined 41% share of total imports. Germany, Italy, the UK, China, Sweden and France lagged somewhat behind, together comprising a further 52%.

Among the main suppliers, China, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, growing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Sweden ($X per unit), while the price for China ($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 (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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