Price for Reciprocating or Rotary Internal Combustion Piston Engines in Australia - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Australia (CIF) - 2024
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Australia (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Australia
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Australia
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Australia (CIF) - 2024
The average import price for reciprocating or rotary internal combustion piston engineses stood at $1,564 per unit in January 2024, declining by -60% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 257% month-to-month. As a result, import price attained the peak level of $3,913 per unit, and then dropped remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($6,740 per unit), while the price for Thailand ($194 per unit) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Australia (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $1,689 per unit, which is down by -62.4% against the previous year. Overall, the export price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 357%. As a result, the export price attained the peak level of $4,492 per unit, and then shrank sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($22,866 per unit), while the average price for exports to Thailand ($144 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 (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Australia
In 2022, imports of reciprocating or rotary internal combustion piston engineses into Australia was estimated at 282K units, leveling off at the previous year. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of reciprocating or rotary internal combustion piston engineses soared to $360M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 65.0 | 50.8 | 79.0 | 116 | 21.3% |
| United States | 104 | 93.6 | 109 | 115 | 3.4% |
| China | 16.1 | 19.4 | 30.9 | 31.2 | 24.7% |
| United Kingdom | 9.2 | 3.1 | 5.7 | 30.9 | 49.8% |
| Thailand | 14.5 | 13.7 | 20.9 | 21.5 | 14.0% |
| Others | 42.5 | 56.9 | 36.9 | 45.1 | 2.0% |
| Total | 251 | 238 | 282 | 360 | 12.8% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Australia in 2022:
- China (112.6K units)
- Thailand (98.0K units)
- Japan (32.9K units)
- United States (26.1K units)
- United Kingdom (4.4K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Australia
In 2022, approx. 41K units of reciprocating or rotary internal combustion piston engineses were exported from Australia; with a decrease of -31.2% on 2021. Overall, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 3.5% against the previous year. The exports peaked at 65K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of reciprocating or rotary internal combustion piston engineses expanded remarkably to $88M in 2022. Over the period under review, exports showed a perceptible setback. The pace of growth was the most pronounced in 2020 with an increase of 11%. As a result, the exports attained the peak of $109M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.4 | 53.1 | 32.3 | 47.9 | 23.5% |
| China | 0.5 | 0.7 | 0.2 | 7.2 | 143.3% |
| Singapore | 25.8 | 3.7 | 14.6 | 6.5 | -36.8% |
| New Zealand | 5.0 | 4.9 | 12.8 | 3.7 | -9.5% |
| Malaysia | 1.7 | 3.2 | 1.7 | 3.0 | 20.8% |
| Germany | 1.0 | 1.7 | 1.8 | 2.6 | 37.5% |
| Portugal | N/A | N/A | N/A | 2.5 | 0% |
| New Caledonia | 0.4 | 0.8 | 1.2 | 1.6 | 58.7% |
| Canada | 9.2 | 3.6 | 8.1 | 0.3 | -68.1% |
| Thailand | 0.4 | 0.2 | 0.4 | 0.3 | -9.1% |
| United Arab Emirates | 1.1 | 1.3 | 0.4 | 0.2 | -43.3% |
| Hong Kong SAR | 0.1 | 15.8 | N/A | 0.2 | 26.0% |
| Luxembourg | 10.3 | 1.0 | N/A | N/A | -90.3% |
| Others | 17.2 | 19.3 | 8.5 | 12.4 | -10.3% |
| Total | 97.9 | 109 | 82.0 | 88.4 | -3.3% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Australia in 2022:
- New Zealand (8.2K units)
- Malaysia (6.5K units)
- Portugal (5.0K units)
- China (4.7K units)
- Germany (2.4K units)
- Thailand (2.2K units)
- United States (2.1K units)
- New Caledonia (2.0K units)
- United Arab Emirates (1.0K units)
- Singapore (0.4K units)
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