Australia and Oceania: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Australia and Oceania

The sugar-manufacturing industrial machinery market in Australia and Oceania stood at $X.6B in 2022, growing by X% against the previous year. Over the period under review, consumption, however, recorded a drastic downturn. The level of consumption peaked at $X.9B in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Sugar-Manufacturing Industrial Machinery Production in Australia and Oceania

In value terms, sugar-manufacturing industrial machinery production expanded rapidly to $X.5B in 2022 estimated in export price. Overall, production, however, recorded a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X.1B in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Sugar-Manufacturing Industrial Machinery Exports

Exports in Australia and Oceania

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports contracted dramatically to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Australia (X units), together amounting to X% of total export.

Australia was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of X% from 2012 to 2022. While the share of Australia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest sugar-manufacturing industrial machinery supplier in Australia and Oceania.

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

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, picking up by X% against the previous year. In general, the export price showed pronounced growth. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Sugar-Manufacturing Industrial Machinery Imports

Imports in Australia and Oceania

In 2022, imports of industrial machinery for the manufacture or preparation of sugar in Australia and Oceania skyrocketed to X units, with an increase of X% on the previous year's figure. Overall, imports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X units) was the major importer of industrial machinery for the manufacture or preparation of sugar, generating X% of total imports. Australia (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by French Polynesia (X%), Papua New Guinea (X%) and New Caledonia (X%). Fiji (X units) held a minor share of total imports.

Imports into New Zealand decreased at an average annual rate of X% from 2012 to 2022. At the same time, French Polynesia (X%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. By contrast, New Caledonia (X%), Australia (X%) and Fiji (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.), French Polynesia (X p.p.) and Papua New Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Fiji (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by French Polynesia ($X), with an X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, sugar-manufacturing industrial machinery imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: French Polynesia (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, falling by X% against the previous year. Overall, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by French Polynesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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