Australia and Oceania: Heat Pump Market 2024

Heat Pump Market Size in Australia and Oceania

In 2022, the heat pump market in Australia and Oceania increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Heat Pump Production in Australia and Oceania

In value terms, heat pump production dropped dramatically to $X in 2022 estimated in export price. Overall, production showed a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Heat Pump Exports

Exports in Australia and Oceania

In 2022, overseas shipments of heat pumps other than air conditioning machines increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, heat pump exports surged to $X in 2022. In general, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

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

Exports from Australia increased at an average annual rate of X% from 2012 to 2022. 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. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

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

In Australia, heat pump exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Heat Pump Imports

Imports in Australia and Oceania

Heat pump imports surged to X units in 2022, picking up by X% compared with the previous year's figure. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, heat pump imports soared to $X in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia prevails in imports structure, recording X units, which was near X% of total imports in 2022. New Zealand (X units) took a relatively small share of total imports.

Australia was also the fastest-growing in terms of the heat pumps other than air conditioning machines imports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by X percentage points.

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

In Australia, heat pump 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, declining by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia 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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