Australia and Oceania: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Australia and Oceania

The mechanical shovel and excavator market in Australia and Oceania shrank slightly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X.1B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Australia and Oceania

In value terms, mechanical shovel and excavator production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production hit record highs at $X.4B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in Australia and Oceania

In 2022, after three years of growth, there was significant decline in shipments abroad of mechanical shovels, excavators and shovel loaders, when their volume decreased by X% to X units. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports fell modestly to $X in 2022. Total exports indicated a tangible expansion 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia represented the major exporting country with an export of around X units, which resulted at X% of total exports. Samoa (X units) ranks second in terms of the total exports with an X% share, followed by New Zealand (X%). Fiji (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mechanical shovel and excavator exports from Australia stood at X%. At the same time, Samoa (X%) and Fiji (X%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand experienced a relatively flat trend pattern. While the share of Samoa (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) and New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest mechanical shovel and excavator supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by Fiji, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Fiji (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in Australia and Oceania

In 2022, supplies from abroad of mechanical shovels, excavators and shovel loaders increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, mechanical shovel and excavator imports rose significantly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Australia (X units) represented the key importer of mechanical shovels, excavators and shovel loaders, generating X% of total imports. It was distantly followed by New Zealand (X units), achieving an X% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

Imports into 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 importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) and Papua New Guinea (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported mechanical shovels, excavators and shovel loaders in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, mechanical shovel and excavator imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price showed a deep reduction. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Papua New Guinea ($X per unit), while New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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