Price for Floating or Submersible Drilling or Production Platforms in Australia - 2022

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in Australia (FOB) - 2022
2. Price for Floating or Submersible Drilling or Production Platforms in Australia (CIF) - 2022
3. Exports of Floating or Submersible Drilling or Production Platforms in Australia
4. Imports of Floating or Submersible Drilling or Production Platforms in Australia

Price for Floating or Submersible Drilling or Production Platforms in Australia (FOB) - 2022

In 2022, the average export price for floating or submersible drilling or production platformses amounted to $98,573 per unit, growing by 376% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 922%. As a result, the export price reached the peak level of $190,284 per unit. From 2016 to 2022, the average export prices remained at a somewhat 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 Singapore ($159,113 per unit), while the average price for exports to Malaysia ($10,082 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 Indonesia (+105.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Floating or Submersible Drilling or Production Platforms in Australia (CIF) - 2022

In 2022, the average import price for floating or submersible drilling or production platformses amounted to $357,850 per unit, with an increase of 42% against the previous year. Overall, the import price recorded a temperate increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 12,076% against the previous year. As a result, import price attained the peak level of $1,891,614 per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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 Indonesia ($1,413,524 per unit), while the price for the United States ($30 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1,598.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Floating or Submersible Drilling or Production Platforms in Australia

For the third consecutive year, Australia recorded decline in shipments abroad of floating or submersible drilling or production platformses, which decreased by -50% to 4 units in 2022. In general, exports continue to indicate a dramatic decrease. The smallest decline of -10% was in 2020. The exports peaked at 10 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of floating or submersible drilling or production platformses surged to $394K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 564%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from Australia in 2022:

1. Malaysia (1.0 units)
2. Cote d'Ivoire (1.0 units)
3. Hong Kong SAR (1.0 units)
4. Singapore (1.0 units)

Imports of Floating or Submersible Drilling or Production Platforms in Australia

For the third year in a row, Australia recorded growth in purchases abroad of floating or submersible drilling or production platformses, which increased by 22% to 11 units in 2022. The total import volume increased at an average annual rate of +10.6% from 2020 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of floating or submersible drilling or production platformses surged to $3.9M in 2022. Overall, imports, however, recorded a abrupt downturn. Over the period under review, imports of attained the peak figure at $5.6M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to Australia in 2022:

1. Indonesia (2.0 units)
2. Brazil (1.0 units)
3. Netherlands (1.0 units)
4. Italy (1.0 units)
5. Singapore (1.0 units)
6. Denmark (1.0 units)
7. United States (1.0 units)
8. Malaysia (1.0 units)
9. China (1.0 units)
10. New Zealand (1.0 units)

Source: IndexBox Market Intelligence Platform