Price for Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand (FOB) - 2024
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand
Price for Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $2,188 per unit in 2022, rising by 18% against the previous year. Overall, the import price saw strong growth. The pace of growth appeared the most rapid in 2018 an increase of 53%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.
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 ($3,829 per unit), while the price for China ($312 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand (FOB) - 2024
In February 2024, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $412 per unit, picking up by 29% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 63% m-o-m. As a result, the export price attained the peak level of $572 per unit. From December 2023 to February 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($394 per unit), while the average price for exports to the United Arab Emirates stood at $255 per unit.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+3.1%).
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand
In 2022, the amount of reciprocating or rotary internal combustion piston engineses imported into New Zealand stood at 35K units, increasing by 14% against the year before. In general, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% 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 +56.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of reciprocating or rotary internal combustion piston engineses surged to $69M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +74.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 20.6 | 16.4 | 24.2 | 31.2 | 14.8% |
| United States | 20.8 | 15.0 | 19.4 | 25.2 | 6.6% |
| China | 2.2 | 2.3 | 4.8 | 4.9 | 30.6% |
| Thailand | 1.3 | 1.2 | 2.2 | 2.2 | 19.2% |
| Others | 6.4 | 4.8 | 5.4 | 5.5 | -4.9% |
| Total | 51.1 | 39.6 | 56.0 | 69.0 | 10.5% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to New Zealand in 2022:
- China (15.7K units)
- Japan (8.6K units)
- United States (6.6K units)
- Thailand (2.1K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand
Exports of reciprocating or rotary internal combustion piston engineses from New Zealand reduced to 60K units in 2022, falling by -13.4% compared with the previous year's figure. Over the period under review, exports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 3.5% against the previous year. The exports peaked at 79K 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 fell modestly to $21M in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 4.2% against the previous year. The exports peaked at $22M in 2021, and then fell in the following year.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 13.7 | 11.9 | 14.1 | 13.3 | -1.0% |
| Nigeria | 0.6 | 0.2 | 0.4 | 0.3 | -20.6% |
| Others | 6.7 | 9.9 | 7.5 | 7.3 | 2.9% |
| Total | 21.1 | 21.9 | 22.0 | 21.0 | -0.2% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from New Zealand in 2022:
- United Arab Emirates (56.7K units)
- Nigeria (1.9K units)
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