New Zealand: 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 New Zealand

In 2021, the New Zealand fuel or lubricating pump market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

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

Exports from New Zealand

In 2021, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were exported from New Zealand; growing by 43% against the year before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 106%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump exports stood at $X in 2021. In general, exports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2019 when exports increased by 67%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for fuel or lubricating pump exports from New Zealand, accounting for a 45% share of total exports. Moreover, fuel or lubricating pump exports to Australia exceeded the volume sent to the second major destination, the UK (X units), twofold. South Africa (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.9% per year) and South Africa (+20.2% per year).

In value terms, Australia ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from New Zealand, comprising 52% of total exports. The second position in the ranking was held by the United States ($X), with an 8.9% share of total exports. It was followed by Fiji, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.3% per year) and Fiji (-9.3% per year).

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, falling by -25.7% against the previous year. In general, the export price saw a slight contraction. The pace of growth appeared the most rapid in 2013 an increase of 79% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Fiji ($X per unit), while the average price for exports to the UK ($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 Germany (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into New Zealand

After three years of decline, purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 14% to X units in 2021. In general, imports, however, continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, fuel or lubricating pump imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), China (X units) and Thailand (X units) were the main suppliers of fuel or lubricating pump imports to New Zealand, together comprising 61% of total imports. The United States, Germany, Australia, the UK, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fuel or lubricating pump suppliers to New Zealand were the United States ($X), Japan ($X) and Germany ($X), together accounting for 47% of total imports. Australia, China, Thailand, the UK, Singapore and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Singapore, with a CAGR of +9.2%, recorded the highest rates of growth with regard to 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 fuel or lubricating pump import price stood at $X per unit in 2021, increasing by 4.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Singapore (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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