Australia - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in Australia - 2023
Contents:
- Price for Mechanical Shovel and Excavator in Australia (CIF) - 2023
- Price for Mechanical Shovel and Excavator in Australia (FOB) - 2022
- Imports of Mechanical Shovel and Excavator in Australia
- Exports of Mechanical Shovel and Excavator in Australia
Price for Mechanical Shovel and Excavator in Australia (CIF) - 2023
The average mechanical shovel and excavator import price stood at $64,468 per unit in July 2023, standing approximately at the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 27% m-o-m. The import price peaked at $77,272 per unit in March 2023; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($93,590 per unit), while the price for India ($30,118 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mechanical Shovel and Excavator in Australia (FOB) - 2022
In 2022, the average mechanical shovel and excavator export price amounted to $63,007 per unit, rising by 1,102% against the previous year. Overall, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($127,493 per unit), while the average price for exports to Belgium ($33,282 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 Ghana (+61.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mechanical Shovel and Excavator in Australia
In 2022, approx. 35K units of mechanical shovels, excavators and shovel loaders were imported into Australia; with an increase of 31% compared with 2021 figures. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 318% against the previous year. As a result, imports attained the peak of 66K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, mechanical shovel and excavator imports surged to $2.2B in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +74.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Mechanical Shovel and Excavator in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 389 | 382 | 621 | 591 | 15.0% |
| China | 117 | 150 | 267 | 474 | 59.4% |
| United States | 198 | 183 | 245 | 250 | 8.1% |
| South Korea | 60.2 | 63.7 | 98.7 | 116 | 24.4% |
| Indonesia | 5.3 | 3.8 | 28.5 | 107 | 172.3% |
| Thailand | 32.7 | 14.8 | 60.6 | 70.0 | 28.9% |
| United Kingdom | 45.2 | 30.2 | 40.6 | 46.9 | 1.2% |
| Czech Republic | 12.6 | 13.2 | 23.2 | 18.1 | 12.8% |
| Others | 421 | 394 | 478 | 483 | 4.7% |
| Total | 1,281 | 1,235 | 1,863 | 2,155 | 18.9% |
Top Suppliers of Mechanical Shovel and Excavator to Australia in 2022:
- Japan (12.1K units)
- China (12.0K units)
- United States (3.6K units)
- South Korea (1.5K units)
- United Kingdom (0.7K units)
- Czech Republic (0.6K units)
- Indonesia (0.6K units)
- Thailand (0.5K units)
Exports of Mechanical Shovel and Excavator in Australia
After three years of growth, shipments abroad of mechanical shovels, excavators and shovel loaders decreased by -96.9% to 299 units in 2022. In general, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 425% against the previous year. As a result, the exports attained the peak of 9.6K units, and then declined rapidly in the following year.
In value terms, mechanical shovel and excavator exports contracted notably to $19M in 2022. Overall, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 13% against the previous year. As a result, the exports attained the peak of $81M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Mechanical Shovel and Excavator in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.4 | 11.7 | 4.3 | 5.9 | -14.4% |
| Vietnam | 5.1 | 5.8 | 4.5 | 2.9 | -17.2% |
| New Zealand | 16.8 | 11.5 | 11.9 | 2.5 | -47.0% |
| Papua New Guinea | 5.1 | 6.1 | 4.2 | 2.2 | -24.4% |
| Canada | 0.3 | 2.0 | 0.1 | 1.0 | 49.4% |
| Belgium | N/A | 0.1 | N/A | 0.6 | 144.9% |
| China | 4.5 | 5.3 | 5.2 | 0.4 | -55.4% |
| Fiji | 1.2 | 0.4 | 1.0 | 0.3 | -37.0% |
| New Caledonia | 2.0 | 2.0 | 0.5 | 0.2 | -53.6% |
| Philippines | 0.8 | 0.4 | 0.2 | N/A | -50.0% |
| Others | 26.5 | 35.5 | 18.4 | 2.9 | -52.2% |
| Total | 71.7 | 80.9 | 50.3 | 18.8 | -36.0% |
Top Export Markets for Mechanical Shovel and Excavator from Australia in 2022:
- Vietnam (86.0 units)
- United States (53.0 units)
- New Zealand (43.0 units)
- Canada (21.0 units)
- Belgium (19.0 units)
- Papua New Guinea (17.0 units)
- China (7.0 units)
- New Caledonia (6.0 units)
- Fiji (5.0 units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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