Australia and Oceania: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Australia and Oceania

In 2023, the agricultural harvester market in Australia and Oceania increased by X% to $X, rising for the third consecutive year after three years of decline. The total consumption indicated a slight increase from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

Agricultural Harvester Production in Australia and Oceania

In value terms, agricultural harvester production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

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Agricultural Harvester Exports

Exports in Australia and Oceania

In 2023, exports of agricultural harvesters in Australia and Oceania surged to X units, growing by X% on 2022 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, agricultural harvester exports contracted to $X in 2023. Over the period under review, exports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Australia (X units) was the major exporter of agricultural harvesters, achieving X% of total exports. It was distantly followed by New Zealand (X units), constituting a X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2023. 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 2012-2023. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2023.

In terms of the main exporting countries, New Zealand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2023, waning by X% against the previous year. Overall, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Agricultural Harvester Imports

Imports in Australia and Oceania

In 2023, supplies from abroad of agricultural harvesters increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports enjoyed a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, agricultural harvester imports surged to $X in 2023. Overall, imports saw a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Australia dominates imports structure, reaching X units, which was near X% of total imports in 2023. 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 agricultural harvesters imports, with a CAGR of X% from 2012 to 2023. New Zealand experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Australia stood at X%.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per unit, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform