Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand - 2023

Contents:

  1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand (CIF) - 2023
  2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand (FOB) - 2022
  3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand
  4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand (CIF) - 2023

In December 2023, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $9,246 per unit, jumping by 26% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Mexico ($13,976 per unit), while the price for China ($1,261 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.9%), 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 Not Exceeding 1000cc in New Zealand (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $5,512 per unit in 2022, surging by 15% against the previous year. Over the period under review, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. Over the period under review, the average export prices reached the peak figure at $8,199 per unit in 2020; however, from 2021 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 Samoa ($16,247 per unit), while the average price for exports to Cook Islands ($4,376 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 Tonga (+17.8%), 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 Not Exceeding 1000cc in New Zealand

In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs imported into New Zealand soared to 12K units, surging by 20% on the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs expanded sharply to $77M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States15.311.518.831.126.7%
Japan7.06.58.610.614.8%
Mexico15.812.49.69.8-14.7%
China4.22.85.49.229.9%
RomaniaN/A4.012.07.536.9%
India5.73.66.92.1-28.3%
Taiwan (Chinese)0.90.61.62.030.5%
Australia1.10.20.31.0-3.1%
South Africa8.12.61.2N/A-61.5%
Others4.26.05.04.1-0.8%
Total62.450.169.477.47.4%

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to New Zealand in 2022:

  1. United States (4.0K units)
  2. China (3.7K units)
  3. Taiwan (Chinese) (1.1K units)
  4. Mexico (1.1K units)
  5. Japan (1.0K units)
  6. Romania (0.5K units)
  7. Australia (0.2K units)
  8. India (0.2K units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand

In 2022, after three years of growth, there was significant decline in shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs, when their volume decreased by -83.3% to 101 units. Over the period under review, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 100%. As a result, the exports reached the peak of 604 units, and then declined significantly in the following year.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs reduced remarkably to $557K in 2022. In general, exports faced a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, the exports reached the peak of $2.9M, and then dropped significantly in the following year.

Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia1,8591,7972,488224-50.6%
New Caledonia33.319610813659.8%
Cook Islands70.712.510374.41.7%
Japan21059.415.242.1-41.5%
United Kingdom23.114.536.530.19.2%
French Polynesia52.8N/A41.824.0-23.1%
Others14739697.226.2-43.7%
Total2,3962,4762,890557-38.5%

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from New Zealand in 2022:

  1. Australia (48.0 units)
  2. New Caledonia (20.0 units)
  3. Cook Islands (17.0 units)
  4. French Polynesia (5.0 units)
  5. United Kingdom (4.0 units)
  6. Japan (4.0 units)

Source: IndexBox Market Intelligence Platform

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