Australia and Oceania: Electronic Chip Market 2024

Electronic Chip Market Size in Australia and Oceania

The electronic chip market in Australia and Oceania declined to $X in 2023, shrinking by X% against the previous year. Over the period under review, consumption, however, continues to indicate resilient growth. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Electronic Chip Production in Australia and Oceania

In value terms, electronic chip production rose modestly to $X in 2023 estimated in export price. In general, production enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

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Electronic Chip Exports

Exports in Australia and Oceania

In 2023, the amount of electronic chips exported in Australia and Oceania dropped to X units, declining by X% on the previous year. Over the period under review, exports showed a mild setback. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, electronic chip exports reduced to $X in 2023. In general, exports, however, saw a pronounced expansion. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Australia prevails in exports structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by New Zealand (X units), creating a X% share of total exports. Papua New Guinea (X units) held a relatively small share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of electronic chips. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) and Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Australia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2023, rising by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electronic chip export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, 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 New Zealand ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Electronic Chip Imports

Imports in Australia and Oceania

In 2023, overseas purchases of electronic chips decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, electronic chip imports dropped sharply to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then reduced remarkably in the following year.

Imports by Country

Australia represented the largest importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by New Zealand (X units), comprising a X% share of total imports.

Australia was also the fastest-growing in terms of the electronic chips imports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of New Zealand (X p.p.) displayed negative dynamics.

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

In Australia, electronic chip imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2023, surging by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electronic chip import price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform