New Zealand: Market for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft 2024

Market Size for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in New Zealand

In 2022, the New Zealand aircraft internal combustion engine market increased by 77% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in New Zealand

In value terms, aircraft internal combustion engine production stood at $X in 2022 estimated in export price. Overall, production faced a sharp curtailment. The growth pace was the most rapid in 2017 with a decrease of 99.9% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft

Exports from New Zealand

In 2022, the amount of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exported from New Zealand shrank notably to X units, which is down by -43.8% on 2021. Overall, exports, however, saw a mild increase. The pace of growth was the most pronounced in 2021 with an increase of 193% against the previous year. As a result, the exports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, aircraft internal combustion engine exports contracted notably to $X in 2022. Over the period under review, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 201% against the previous year. The exports peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

The United States (X units), Australia (X units) and Singapore (X units) were the main destinations of aircraft internal combustion engine exports from New Zealand, with a combined 88% 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 Singapore (with a CAGR of +29.7%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from New Zealand, comprising 46% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Singapore, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.8% per year) and Singapore (+75.7% per year).

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, growing by 29% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 259% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Australia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft

Imports into New Zealand

In 2022, supplies from abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 3.8% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 207% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, aircraft internal combustion engine imports surged to $X in 2022. Overall, imports posted a perceptible increase. The pace of growth was the most pronounced in 2017 with an increase of 95%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of aircraft internal combustion engine to New Zealand, with a 66% share of total imports. Moreover, aircraft internal combustion engine imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X units), threefold. Austria (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+15.6% per year) and Austria (+13.9% per year).

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to New Zealand, comprising 80% of total imports. The second position in the ranking was held by Australia ($X), with a 15% share of total imports. It was followed by Austria, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+7.7% per year) and Austria (+14.9% per year).

Import Prices by Country

In 2022, the average aircraft internal combustion engine import price amounted to $X per unit, with an increase of 25% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 38% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 the United States ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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