Australia and Oceania: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Australia and Oceania

In 2022, the mounting lifting equipment market in Australia and Oceania decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, showed a strong expansion. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Mounting Lifting Equipment Production in Australia and Oceania

In value terms, mounting lifting equipment production rose to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Mounting Lifting Equipment Exports

Exports in Australia and Oceania

In 2022, mounting lifting equipment exports in Australia and Oceania contracted rapidly to X units, waning by X% on 2021 figures. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, mounting lifting equipment exports declined markedly to $X in 2022. Over the period under review, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the lifting equipment designed for mounting on road vehicles exports, with a CAGR of X% from 2012 to 2022. 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 exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

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

In Australia, mounting lifting equipment exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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%).

Mounting Lifting Equipment Imports

Imports in Australia and Oceania

In 2022, imports of lifting equipment designed for mounting on road vehicles in Australia and Oceania fell sharply to X units, shrinking by X% compared with 2021 figures. In general, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mounting lifting equipment imports skyrocketed to $X in 2022. Total imports indicated moderate 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Australia was the key importer of lifting equipment designed for mounting on road vehicles in Australia and Oceania, with the volume of imports recording X units, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X units), achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mounting lifting equipment imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, Australia ($X) constitutes the largest market for imported lifting equipment designed for mounting on road vehicles in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, surging by X% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat 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 Australia (X%).

Source: IndexBox Platform

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