Price for Textile Machinery; Spinning Machines in Australia - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in Australia (CIF) - 2022
- Imports of Textile Machinery; Spinning Machines in Australia
Price for Textile Machinery; Spinning Machines in Australia (CIF) - 2022
The average textile machinery; spinning machines import price stood at $1,951 per unit in 2022, falling by -47.4% against the previous year. Overall, the import price, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of 999% against the previous year. As a result, import price attained the peak level of $18,381 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($16,074 per unit), while the price for New Zealand ($380 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 (+169.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Textile Machinery; Spinning Machines in Australia
In 2022, the amount of textile machinery; spinning machineses imported into Australia skyrocketed to 94 units, picking up by 104% compared with the previous year's figure. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 130% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, textile machinery; spinning machines imports rose notably to $183K in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
Import of Textile Machinery; Spinning Machines in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | N/A | 2.2 | N/A | 32.1 | 282.0% |
New Zealand | 2.1 | 1.7 | 8.3 | 27.8 | 136.6% |
United States | 26.7 | 17.1 | 46.1 | 19.2 | -10.4% |
United Kingdom | N/A | N/A | 0.9 | 3.2 | 255.6% |
Netherlands | 2.5 | N/A | 3.1 | N/A | 11.4% |
Others | 50.1 | 83.2 | 112 | 101 | 26.3% |
Total | 81.4 | 104 | 171 | 183 | 31.0% |
Top Suppliers of Textile Machinery; Spinning Machines to Australia in 2022:
- New Zealand (73.0 units)
- United States (14.0 units)
- United Kingdom (2.0 units)
- South Korea (2.0 units)
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