Australia and Oceania: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in Australia and Oceania

The driving and non-driving axle market in Australia and Oceania contracted to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded noticeable growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in Australia and Oceania

In value terms, driving and non-driving axle production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in Australia and Oceania

In 2022, approx. X tons of drive-axles with differential and non-driving axles were exported in Australia and Oceania; falling by X% against 2021. Overall, exports showed a perceptible setback. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced notably in the following year.

In value terms, driving and non-driving axle exports dropped rapidly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Australia was the major exporter of drive-axles with differential and non-driving axles in Australia and Oceania, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), mixing up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to driving and non-driving axle exports from Australia stood at X%. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, jumping 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 2014 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

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

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in Australia and Oceania

In 2022, purchases abroad of drive-axles with differential and non-driving axles increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, driving and non-driving axle imports fell slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2022, average annual rates of growth with regard to driving and non-driving axle 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 Australia (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

In Australia, driving and non-driving axle imports contracted by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ton), while New Zealand stood at $X per ton.

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

Source: IndexBox Platform