Australia and Oceania: Truck Crane Market 2024

Truck Crane Market Size in Australia and Oceania

The truck crane market in Australia and Oceania contracted to $X in 2022, which is down by X% against the previous year. In general, consumption, however, enjoyed significant growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Truck Crane Production in Australia and Oceania

In value terms, truck crane production rose notably to $X in 2022 estimated in export price. Overall, production faced a precipitous setback. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Truck Crane Exports

Exports in Australia and Oceania

In 2022, after three years of growth, there was significant decline in shipments abroad of truck cranes, when their volume decreased by X% to X units. Over the period under review, exports, however, posted a tangible increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, truck crane exports reduced dramatically to $X in 2022. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, recording X units, which was near X% of total exports in 2022. Papua New Guinea (X units) and New Zealand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to truck crane exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while Papua New Guinea saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest truck crane supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($X 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 (X%), while the other leaders experienced more modest paces of growth.

Truck Crane Imports

Imports in Australia and Oceania

In 2022, approx. X units of truck cranes were imported in Australia and Oceania; with a decrease of X% compared with 2021 figures. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2021, and then shrank in the following year.

In value terms, truck crane imports reduced to $X in 2022. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X units), committing a X% share of total imports.

Australia was also the fastest-growing in terms of the truck cranes imports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. While the share of Australia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

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

In Australia, truck crane imports increased at 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 unit in 2022, flattening at the previous year. In general, the import price saw a deep setback. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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