New Zealand: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in New Zealand

The New Zealand internal combustion engines market reduced markedly to $X in 2022, shrinking by X% against the previous year. In general, consumption showed a abrupt setback. Internal combustion engines consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Internal Combustion Engines Production in New Zealand

In value terms, internal combustion engines production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Internal Combustion Engines Exports

Exports from New Zealand

For the fifth year in a row, New Zealand recorded growth in shipments abroad of motor vehicles compression-ignition internal combustion piston engines, which increased by X% to X units in 2022. Over the period under review, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, internal combustion engines exports skyrocketed to $X in 2022. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X units) was the main destination for internal combustion engines exports from New Zealand, accounting for a X% share of total exports. Moreover, internal combustion engines exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (X units), fivefold. Nigeria (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Nigeria, with an X% share.

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

Export Prices by Country

In 2022, the average internal combustion engines export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per unit) and Japan ($X per unit), while the average price for exports to Nigeria ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced a decline.

Internal Combustion Engines Imports

Imports into New Zealand

In 2022, overseas purchases of motor vehicles compression-ignition internal combustion piston engines increased by X% to X units, rising for the second year in a row after three years of decline. Overall, total imports indicated a slight 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 most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, internal combustion engines imports skyrocketed to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Japan (X units) and the United States (X units) were the main suppliers of internal combustion engines imports to New Zealand, together comprising X% of total imports. India, the UK, South Africa, Australia, China, South Korea, Thailand and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Germany ($X) and Australia ($X) constituted the largest internal combustion engines suppliers to New Zealand, with a combined X% share of total imports. Japan, the UK, Sweden, India, China, South Korea, South Africa and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, South Africa, with a CAGR of X%, saw 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 internal combustion engines import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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