Price for Vehicles; Mobile Drilling Derricks in Australia - 2023

Contents:

  1. Price for Vehicles; Mobile Drilling Derricks in Australia (FOB) - 2022
  2. Price for Vehicles; Mobile Drilling Derricks in Australia (CIF) - 2022
  3. Exports of Vehicles; Mobile Drilling Derricks in Australia
  4. Imports of Vehicles; Mobile Drilling Derricks in Australia

Price for Vehicles; Mobile Drilling Derricks in Australia (FOB) - 2022

The average vehicles; mobile drilling derricks export price stood at $209,532 per unit in 2022, jumping by 76% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 320% against the previous year. As a result, the export price attained the peak level of $518,880 per unit. From 2014 to 2022, the average 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 Senegal ($734,736 per unit), while the average price for exports to Cocos (Keeling) Islands ($110,983 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 Cocos (Keeling) Islands (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vehicles; Mobile Drilling Derricks in Australia (CIF) - 2022

In 2022, the average vehicles; mobile drilling derricks import price amounted to $1,261,317 per unit, jumping by 290% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($1,864,697 per unit), while the price for Madagascar ($61,723 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vehicles; Mobile Drilling Derricks in Australia

In 2022, approx. 20 units of vehicles; mobile drilling derrickses were exported from Australia; falling by -25.9% against the previous year. In general, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 59% against the previous year. Over the period under review, the exports reached the peak figure at 47 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, vehicles; mobile drilling derricks exports skyrocketed to $4.2M in 2022. Overall, exports faced a deep downturn. The exports peaked at $6.7M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Vehicles; Mobile Drilling Derricks in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Papua New Guinea3.62.13.01.8-20.6%
New Zealand2.41.7N/A1.1-22.9%
SenegalN/AN/AN/A0.70%
SudanN/AN/AN/A0.40%
Cocos (Keeling) IslandsN/A0.1N/A0.10.0%
Chile0.1N/AN/AN/A0%
Vietnam0.1N/AN/AN/A0%
Pakistan0.1N/AN/AN/A0%
Others0.30.90.2N/A-18.4%
Total6.74.83.24.2-14.4%

Top Export Markets for Vehicles; Mobile Drilling Derricks from Australia in 2022:

  1. Papua New Guinea (10.0 units)
  2. New Zealand (7.0 units)
  3. Cocos (Keeling) Islands (1.0 units)
  4. Sudan (1.0 units)
  5. Senegal (1.0 units)

Imports of Vehicles; Mobile Drilling Derricks in Australia

In 2022, the amount of vehicles; mobile drilling derrickses imported into Australia skyrocketed to 7 units, surging by 250% compared with 2021. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vehicles; mobile drilling derricks imports surged to $8.8M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Vehicles; Mobile Drilling Derricks in Australia (Million USD)
COUNTRY202020212022CAGR,
2020-2022
CanadaN/AN/A7.50%
ItalyN/A0.60.950.0%
New Zealand1.5N/A0.4-48.4%
MadagascarN/AN/A0.10%
Poland1.2N/AN/A0%
United Arab EmiratesN/AN/AN/A0%
OthersN/AN/AN/A0%
Total2.70.68.880.5%

Top Suppliers of Vehicles; Mobile Drilling Derricks to Australia in 2022:

  1. Canada (4.0 units)
  2. Madagascar (1.0 units)
  3. Italy (1.0 units)
  4. New Zealand (1.0 units)

Source: IndexBox Market Intelligence Platform

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