Australia and Oceania: Invalid Carriage Market 2023

Invalid Carriage Market Size in Australia and Oceania

The invalid carriage market in Australia and Oceania amounted to $X in 2021, remaining constant against the previous year. In general, consumption recorded a strong increase. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Invalid Carriage Production in Australia and Oceania

In value terms, invalid carriage production declined to $X in 2021 estimated in export price. Overall, production saw a remarkable increase. The growth pace was the most rapid in 2015 when the production volume increased by 52% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Invalid Carriage Exports

Exports in Australia and Oceania

In 2021, overseas shipments of invalid carriages not mechanically propelled were finally on the rise to reach X units after four years of decline. Overall, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, invalid carriage exports soared to $X in 2021. In general, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia was the key exporting country with an export of around X units, which resulted at 82% of total exports. It was distantly followed by New Zealand (X units), achieving a 17% share of total exports.

Australia was also the fastest-growing in terms of the invalid carriages not mechanically propelled exports, with a CAGR of +15.3% from 2012 to 2021. At the same time, New Zealand (+12.1%) displayed positive paces of growth. While the share of Australia (+4.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-3.8 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) and Australia ($X) were the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of +19.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, reducing by -22.4% against the previous year. Overall, the export price, however, continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by 69% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then shrank dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.1%).

Invalid Carriage Imports

Imports in Australia and Oceania

In 2021, purchases abroad of invalid carriages not mechanically propelled increased by 16% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, invalid carriage imports totaled $X in 2021. In general, imports continue to indicate a strong increase. The growth pace was the most rapid in 2018 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Australia was the largest importer of invalid carriages not mechanically propelled in Australia and Oceania, with the volume of imports accounting for X units, which was approx. 81% of total imports in 2021. It was distantly followed by New Zealand (X units), creating a 13% share of total imports. New Caledonia (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to invalid carriage imports into Australia stood at +3.0%. At the same time, New Zealand (+5.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.5% from 2012-2021. New Caledonia experienced a relatively flat trend pattern. From 2012 to 2021, the share of New Zealand increased by +2.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported invalid carriages not mechanically propelled in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +10.1%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+4.9% per year) and New Caledonia (+0.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, reducing by -9.2% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, invalid carriage import price increased by +38.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 24%. The level of import peaked at $X per unit in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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