Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia - 2024
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia (CIF) - 2024
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia (CIF) - 2024
In December 2023, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $11,418 per unit, with a decrease of -5.8% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 26% month-to-month. As a result, import price attained the peak level of $14,472 per unit; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($51,125 per unit), while the price for Japan ($2,163 per unit) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $1,686 per unit in 2022, declining by -12.3% against the previous year. In general, the export price showed a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 116% against the previous year. Over the period under review, the average export prices reached the maximum at $5,448 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($7,590 per unit), while the average price for exports to New Zealand ($501 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 Malaysia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia
In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) imported into Australia rose notably to 49K units, with an increase of 13% on the previous year's figure. The total import volume increased at an average annual rate of +5.8% 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 29%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) expanded sharply to $522M in 2022. The total import 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 most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 199 | 155 | 176 | 212 | 2.1% |
| Sweden | 59.6 | 46.5 | 67.1 | 73.3 | 7.1% |
| Germany | 50.8 | 46.1 | 47.9 | 60.2 | 5.8% |
| Japan | 24.5 | 22.7 | 29.0 | 28.3 | 4.9% |
| China | 17.4 | 14.5 | 20.4 | 25.5 | 13.6% |
| United Kingdom | 18.9 | 14.8 | 22.5 | 24.0 | 8.3% |
| Italy | 11.9 | 12.7 | 13.4 | 13.8 | 5.1% |
| Thailand | 5.7 | 1.7 | 7.3 | 7.0 | 7.1% |
| Others | 55.4 | 66.4 | 83.2 | 77.7 | 11.9% |
| Total | 443 | 380 | 467 | 522 | 5.6% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Australia in 2022:
- Japan (9.6K units)
- China (9.3K units)
- Italy (6.2K units)
- United States (5.9K units)
- Sweden (3.5K units)
- Germany (3.3K units)
- United Kingdom (2.4K units)
- Thailand (2.4K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia
In 2022, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from Australia surged to 32K units, picking up by 23% on the previous year's figure. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 58% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) expanded markedly to $54M in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports of attained the maximum at $63M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 8.5 | 10.4 | 13.2 | 11.6 | 10.9% |
| United States | 13.2 | 14.3 | 10.6 | 9.0 | -12.0% |
| Papua New Guinea | 15.2 | 13.2 | 5.4 | 7.3 | -21.7% |
| Indonesia | 3.3 | 4.6 | 2.6 | 2.9 | -4.2% |
| Namibia | 0.4 | 0.9 | 2.2 | 2.9 | 93.5% |
| Belgium | 1.3 | 1.1 | 2.2 | 2.6 | 26.0% |
| Germany | 0.9 | 0.7 | 0.6 | 1.5 | 18.6% |
| Others | 20.5 | 15.3 | 13.3 | 16.4 | -7.2% |
| Total | 63.3 | 60.5 | 50.1 | 54.0 | -5.2% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Australia in 2022:
- New Zealand (23.1K units)
- United States (2.3K units)
- Papua New Guinea (1.0K units)
- Germany (0.8K units)
- Namibia (0.7K units)
- Belgium (0.6K units)
- Indonesia (0.5K units)
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