Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia - 2024

Contents:

  1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia (CIF) - 2022
  2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia (FOB) - 2022
  3. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia
  4. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia (CIF) - 2022

The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $1,184 per unit in 2022, waning by -13.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $1,518 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($2,971 per unit), while the price for Taiwan (Chinese) ($239 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia (FOB) - 2022

In 2022, the average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $380 per unit, which is down by -10.3% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 135% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,498 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($991 per unit), while the average price for exports to New Zealand ($154 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 the United States (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia

Imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs into Australia skyrocketed to 7.8K units in 2022, jumping by 25% against 2021. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.7% 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 +60.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs expanded significantly to $9.3M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.72.64.54.014.0%
United States2.21.10.82.1-1.5%
New Zealand0.90.71.01.16.9%
Italy0.10.10.10.458.7%
United Kingdom1.20.90.60.4-30.7%
Germany0.20.10.30.20.0%
South Korea0.30.30.20.1-30.7%
Others0.80.51.20.80.0%
Total8.46.48.59.33.5%

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Australia in 2022:

  1. China (4492.0 units)
  2. United States (1729.0 units)
  3. New Zealand (639.0 units)
  4. Italy (219.0 units)
  5. United Kingdom (196.0 units)
  6. South Korea (83.0 units)
  7. Germany (79.0 units)

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia

For the fourth consecutive year, Australia recorded growth in shipments abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs, which increased by 43% to 4.9K units in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 121%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs surged to $1.9M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada29.64.699.3369131.9%
South AfricaN/A5.36.9348710.3%
New Zealand13611553221817.0%
NamibiaN/AN/AN/A2040%
United States64.27.925214631.5%
Papua New Guinea37.847.442.098.337.5%
Cote d'IvoireN/AN/AN/A45.60%
ItalyN/A44.9N/A43.6-1.5%
Others931812519386-25.4%
Total1,1981,0371,4501,85815.8%

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Australia in 2022:

  1. New Zealand (1415.0 units)
  2. Namibia (783.0 units)
  3. Canada (741.0 units)
  4. South Africa (534.0 units)
  5. Papua New Guinea (265.0 units)
  6. Cote d'Ivoire (235.0 units)
  7. Italy (225.0 units)
  8. United States (147.0 units)

Source: IndexBox Market Intelligence Platform

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