New Zealand: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in New Zealand

In 2021, after two years of decline, there was growth in the New Zealand market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), when its value increased by 4% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2017 with an increase of 59%. Production of peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from New Zealand

Exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from New Zealand skyrocketed to X tons in 2021, growing by 73% compared with the year before. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 76%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose significantly to $X in 2021. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 44% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons), Germany (X tons) and the United States (X tons) were the main destinations of exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from New Zealand, with a combined 78% share of total exports. French Polynesia, Canada, Fiji and Tonga lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for French Polynesia (with a CAGR of +79.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for internal combustion engine (excl. diesel, moto vehicle and aircraft) exported from New Zealand were Australia ($X), Germany ($X) and the United States ($X), with a combined 76% share of total exports. These countries were followed by French Polynesia, Canada, Fiji and Tonga, which together accounted for a further 14%.

Among the main countries of destination, French Polynesia, with a CAGR of +62.7%, recorded 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

In 2021, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, with a decrease of -37.2% against the previous year. In general, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 69% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.5%), while the prices for the other major destinations experienced a decline.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in purchases abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), when their volume increased by 43% to X tons. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2021; 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.

Imports by Country

Japan (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to New Zealand, with a combined 92% share of total imports. Thailand, Austria and Australia lagged somewhat behind, together accounting for a further 7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and China ($X) constituted the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to New Zealand, together accounting for 94% of total imports.

China, with a CAGR of +12.7%, saw 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 import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 an increase of 10%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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