Australia and Oceania: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Australia and Oceania

The metal vehicle lock market in Australia and Oceania contracted modestly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a mild slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Vehicle Lock Production in Australia and Oceania

In value terms, metal vehicle lock production fell to $X in 2022 estimated in export price. In general, production, however, recorded a modest increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Metal Vehicle Lock Exports

Exports in Australia and Oceania

In 2022, shipments abroad of base metal motor vehicle locks increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal vehicle lock exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) and Papua New Guinea (X tons) prevails in exports structure, together comprising X% of total exports. It was distantly followed by New Zealand (X tons), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Papua New Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Australia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Papua New Guinea, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Metal Vehicle Lock Imports

Imports in Australia and Oceania

In 2022, purchases abroad of base metal motor vehicle locks increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a deep slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal vehicle lock imports expanded markedly to $X in 2022. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of base metal motor vehicle locks, achieving X% of total imports. It was distantly followed by New Zealand (X tons), comprising a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal vehicle lock imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported base metal motor vehicle locks in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, metal vehicle lock imports contracted by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

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