Australia and Oceania: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in Australia and Oceania

The motor vehicle engine market in Australia and Oceania contracted to $X in 2022, dropping by X% against the previous year. In general, consumption continues to indicate a pronounced reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Motor Vehicle Engine Production in Australia and Oceania

In value terms, motor vehicle engine production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a mild slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Motor Vehicle Engine Exports

Exports in Australia and Oceania

In 2022, overseas shipments of motor vehicle engines (spark-ignition) increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, motor vehicle engine exports rose slightly to $X in 2022. Over the period under review, exports, however, faced a sharp shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Australia (X units), mixing up a X% share of total exports.

New Zealand was also the fastest-growing in terms of the motor vehicle engines (spark-ignition) exports, with a CAGR of X% from 2012 to 2022. Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, New Zealand ($X) remains the largest motor vehicle engine supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Motor Vehicle Engine Imports

Imports in Australia and Oceania

In 2022, the amount of motor vehicle engines (spark-ignition) imported in Australia and Oceania fell slightly to X units, shrinking by X% on 2021. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle engine imports expanded markedly to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X units) represented the key importer of motor vehicle engines (spark-ignition), generating X% of total imports. It was distantly followed by New Zealand (X units), comprising a X% share of total imports. The following importers - Fiji (X units) and Papua New Guinea (X units) - together made up X% of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. New Zealand (X p.p.), Fiji (X p.p.) and Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, motor vehicle engine imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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