Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand - 2024
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand (FOB) - 2024
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand (CIF) - 2022
In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $8,989 per unit, surging by 20% against the previous year. Overall, the import price, however, recorded a slight curtailment. The import price peaked at $10,085 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Australia ($44,852 per unit), while the price for China ($3,761 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand (FOB) - 2024
In December 2023, the average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $258 per unit, which is down by -25.4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 107% m-o-m. As a result, the export price attained the peak level of $600 per unit. From May 2023 to December 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In December 2023, the country with the highest price was Nigeria ($256 per unit), while the average price for exports to the United Arab Emirates stood at $235 per unit.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.4%).
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand
In 2022, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) into New Zealand fell to 5.2K units, reducing by -7.4% compared with 2021. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of 5.6K units, and then fell in the following year.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) expanded sharply to $47M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.3 | 6.9 | 6.0 | 7.9 | 14.2% |
| Australia | 4.0 | 2.8 | 4.8 | 6.0 | 14.5% |
| Germany | 3.3 | 4.2 | 6.8 | 5.9 | 21.4% |
| Japan | 3.6 | 3.0 | 4.8 | 5.8 | 17.2% |
| United Kingdom | 5.3 | 5.3 | 5.2 | 4.0 | -9.0% |
| Italy | 3.5 | 2.1 | 2.8 | 3.7 | 1.9% |
| China | 1.0 | 1.4 | 2.0 | 3.4 | 50.4% |
| Sweden | 3.9 | 3.0 | 3.2 | 3.2 | -6.4% |
| France | 2.9 | 2.4 | 2.2 | 2.7 | -2.4% |
| Others | 2.8 | 2.8 | 4.1 | 4.1 | 13.6% |
| Total | 35.6 | 34.0 | 41.9 | 46.7 | 9.5% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to New Zealand in 2022:
- Japan (1172.0 units)
- China (902.0 units)
- United Kingdom (746.0 units)
- Italy (585.0 units)
- France (393.0 units)
- Germany (339.0 units)
- United States (318.0 units)
- Sweden (169.0 units)
- Australia (133.0 units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand
For the fourth year in a row, New Zealand recorded growth in overseas shipments of compression-ignition internal combustion piston engines (diesel or semi-diesel engines), which increased by 104% to 18K units in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 274% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) surged to $8.5M in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 85%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 0.4 | 1.8 | 3.6 | 200.0% |
| Australia | 2.3 | 2.1 | 3.4 | 3.2 | 11.6% |
| Malaysia | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Nigeria | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Japan | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | 1.1 | 0.6 | 0.4 | 0.7 | -14.0% |
| Total | 3.5 | 3.2 | 5.9 | 8.5 | 34.4% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from New Zealand in 2022:
- United Arab Emirates (12.6K units)
- Malaysia (2.4K units)
- Nigeria (1.8K units)
- Australia (0.5K units)
- Japan (0.1K units)
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