New Zealand: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in New Zealand

The New Zealand motor vehicle engine market shrank markedly to $X in 2022, declining by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Motor Vehicle Engine Production in New Zealand

In value terms, motor vehicle engine production contracted to $X in 2022 estimated in export price. In general, production saw a slight slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Motor Vehicle Engine Exports

Exports from New Zealand

Motor vehicle engine exports from New Zealand skyrocketed to X units in 2022, with an increase of X% compared with the year before. Over the period under review, exports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor vehicle engine exports rose rapidly to $X in 2022. In general, exports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for motor vehicle engine exports from New Zealand, with a X% share of total exports. Moreover, motor vehicle engine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Nigeria (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Malaysia (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for motor vehicle engines (spark-ignition) exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average motor vehicle engine export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price recorded a slight descent. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Malaysia ($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 (X%), while the prices for the other major destinations experienced a decline.

Motor Vehicle Engine Imports

Imports into New Zealand

In 2022, approx. X units of motor vehicle engines (spark-ignition) were imported into New Zealand; declining by X% against 2021 figures. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, motor vehicle engine imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest motor vehicle engine supplier to New Zealand, accounting for a X% share of total imports. Moreover, motor vehicle engine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Japan (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

In value terms, the United States ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to New Zealand, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average motor vehicle engine import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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