Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia - 2024
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia (CIF) - 2024
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia (FOB) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia (CIF) - 2024
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $48,754 per unit in January 2024, remaining stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in September 2023 when the average import price increased by 25% month-to-month. As a result, import price attained the peak level of $53,523 per unit. From October 2023 to January 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($350K per unit), while the price for South Korea ($28,186 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia (FOB) - 2022
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $35,292 per unit in 2022, growing by 112% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 242% against the previous year. Over the period under review, the average export prices hit record highs at $38,619 per unit in 2018; however, from 2019 to 2022, the 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 the United States ($106,578 per unit), while the average price for exports to Nigeria ($4,676 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 States (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia
In 2022, approx. 39K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were imported into Australia; picking up by 5.3% on 2021. In general, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports of attained the peak figure at 52K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs totaled $1.7B in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 50%. Imports peaked at $1.7B in 2019; afterwards, it flattened through to 2022.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 770 | 302 | 574 | 599 | -8.0% |
| Japan | 215 | 242 | 266 | 328 | 15.1% |
| South Korea | 168 | 106 | 192 | 185 | 3.3% |
| United Kingdom | 135 | 109 | 165 | 173 | 8.6% |
| Germany | 237 | 139 | 167 | 145 | -15.1% |
| Finland | 2.2 | 34.3 | 48.8 | 53.8 | 190.3% |
| Slovakia | 5.7 | 17.7 | 26.8 | 53.8 | 111.3% |
| Others | 198 | 142 | 193 | 174 | -4.2% |
| Total | 1,731 | 1,092 | 1,633 | 1,712 | -0.4% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Australia in 2022:
- United States (15.5K units)
- Japan (10.8K units)
- South Korea (6.1K units)
- Germany (1.8K units)
- United Kingdom (1.6K units)
- Finland (0.9K units)
- Slovakia (0.7K units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia
In 2022, approx. 2.6K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were exported from Australia; reducing by -31.4% compared with the previous year. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. As a result, the exports reached the peak of 3.8K units, and then declined significantly in the following year.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs skyrocketed to $85M in 2022. The total export value increased at an average annual rate of +5.6% over the period from 2019 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 with an increase of 28% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 34.0 | 16.5 | 35.3 | 23.7 | -11.3% |
| Italy | 3.2 | N/A | 0.1 | 13.0 | 59.6% |
| Indonesia | 0.8 | 1.1 | 0.7 | 8.5 | 119.8% |
| Thailand | 2.6 | 4.0 | 3.9 | 6.6 | 36.4% |
| United Kingdom | 8.2 | 4.5 | 1.3 | 5.7 | -11.4% |
| United Arab Emirates | 0.9 | 1.0 | 1.8 | 4.7 | 73.5% |
| United States | 4.6 | 4.8 | 3.2 | 3.9 | -5.4% |
| China | 4.5 | 5.7 | 4.3 | 3.5 | -8.0% |
| Malaysia | 4.2 | 6.2 | 4.1 | 3.0 | -10.6% |
| Nigeria | N/A | N/A | 1.3 | 2.6 | 100.0% |
| Togo | N/A | N/A | 0.1 | N/A | 0% |
| Others | 9.6 | 12.3 | 15.7 | 10.0 | 1.4% |
| Total | 72.4 | 56.1 | 71.7 | 85.3 | 5.6% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Australia in 2022:
- China (700.0 units)
- Nigeria (559.0 units)
- New Zealand (347.0 units)
- United Arab Emirates (269.0 units)
- Italy (245.0 units)
- United Kingdom (98.0 units)
- Indonesia (81.0 units)
- Malaysia (59.0 units)
- Thailand (56.0 units)
- United States (37.0 units)
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