Australia and Oceania: 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 Australia and Oceania

After two years of growth, the market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Australia and Oceania decreased by X% to $X in 2023. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Australia and Oceania

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced sharply to $X in 2023 estimated in export price. In general, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

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

Exports in Australia and Oceania

In 2023, approx. X units of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were exported in Australia and Oceania; picking up by X% compared with the previous year's figure. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2023. In general, exports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Australia (X units) represented the major exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), creating X% of total exports. It was distantly followed by New Zealand (X units), committing a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%).

In value terms, New Zealand ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2023.

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per unit, which is down by X% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

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

Imports in Australia and Oceania

In 2023, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of attained the peak figure at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) contracted to $X in 2023. Total imports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Australia (X units) represented the major importer of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), committing X% of total imports. It was distantly followed by New Zealand (X units), achieving a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to internal combustion engine (excl. diesel, moto vehicle and aircraft) imports into Australia stood at X%. New Zealand (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Australia stood at X%.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per unit, increasing by X% against the previous year. In general, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform