New Zealand: Starter Motor Market 2024

Starter Motor Market Size in New Zealand

In 2022, the New Zealand starter motor market increased by X% to $X, rising for the second consecutive year after two years of decline. The market 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 throughout the analyzed period. Starter motor consumption peaked in 2022 and is expected to retain growth in years to come.

Starter Motor Exports

Exports from New Zealand

For the fourth consecutive year, New Zealand recorded growth in shipments abroad of starter motors and dual purpose starter generators, which increased by X% to X units in 2022. Overall, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, starter motor exports fell to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units), Australia (X units) and the United Arab Emirates (X units) were the main destinations of starter motor exports from New Zealand, together comprising X% of total exports. Canada, Thailand, the United States, Fiji, Cook Islands and Malaysia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starter motor exported from New Zealand were Australia ($X), Thailand ($X) and Hong Kong SAR ($X), with a combined X% share of total exports.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

The average starter motor export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a 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 Thailand ($X per unit), while the average price for exports to Hong Kong SAR ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Starter Motor Imports

Imports into New Zealand

In 2022, overseas purchases of starter motors and dual purpose starter generators increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated a resilient expansion 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 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, starter motor imports totaled $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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of starter motor to New Zealand, accounting for a X% share of total imports. Moreover, starter motor imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by Brazil (X units), with a X% share.

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

In value terms, the largest starter motor suppliers to New Zealand were China ($X), Japan ($X) and the United States ($X), together comprising X% of total imports. Australia, Mexico, Thailand, Taiwan (Chinese), Slovenia, South Korea, the UK, Italy, India and Brazil lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average starter motor import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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