Australia: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Australia

In 2022, the Australian agricultural appliance market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Agricultural Appliance Exports

Exports from Australia

In 2022, after four years of growth, there was significant decline in overseas shipments of agricultural appliances, when their volume decreased by X% to X units. In general, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then contracted sharply in the following year.

In value terms, agricultural appliance exports reduced notably to $X in 2022. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for agricultural appliance exports from Australia, accounting for a X% share of total exports. Moreover, agricultural appliance exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was held by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for agricultural appliances exports from Australia, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average agricultural appliance export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Papua New Guinea ($X per unit) and Malaysia ($X per unit), while the average price for exports to Zambia ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (X%), while the prices for the other major destinations experienced a decline.

Agricultural Appliance Imports

Imports into Australia

In 2022, purchases abroad of agricultural appliances increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, imports, however, recorded a slight descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, agricultural appliance imports rose markedly to $X in 2022. Overall, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of agricultural appliance imports to Australia, with a combined X% share of total imports. The United Arab Emirates, Italy, France, Austria, New Zealand, Taiwan (Chinese), Turkey and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural appliance suppliers to Australia were the United States ($X), China ($X) and Mexico ($X), with a combined X% share of total imports. Italy, France, Austria, New Zealand, Taiwan (Chinese), Turkey, Israel and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural appliance import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 Mexico ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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