New Zealand: Engine Generator Market 2024

Engine Generator Market Size in New Zealand

The New Zealand engine generator market contracted slightly to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Engine Generator Exports

Exports from New Zealand

In 2022, approx. X units of generators for internal combustion engines were exported from New Zealand; rising by X% compared with the year before. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, engine generator exports soared to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Australia (X units), Fiji (X units) and Samoa (X units) were the main destinations of engine generator exports from New Zealand, with a combined X% share of total exports. The UK, Singapore, South Korea, Belgium, Germany, the United Arab Emirates and Papua New Guinea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for engine generator exported from New Zealand were Australia ($X), Fiji ($X) and Samoa ($X), together comprising X% of total exports. Singapore, South Korea, the UK, Belgium, Germany, Papua New Guinea and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average engine generator export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to the UK ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Engine Generator Imports

Imports into New Zealand

In 2022, purchases abroad of generators for internal combustion engines increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, engine generator imports dropped slightly to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped modestly in the following year.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of engine generator imports to New Zealand, together comprising X% of total imports. India, South Korea, Germany, the United States, Slovenia, Italy, Australia, Turkey and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) were the largest engine generator suppliers to New Zealand, with a combined X% share of total imports. The United States, South Korea, Germany, Australia, Italy, Slovenia, Poland, India and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average engine generator import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a mild decline. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X 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 ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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