Australia and Oceania: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Australia and Oceania

In 2021, the market for parts of apparatus of hs in Australia and Oceania increased by 10% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Parts Of Apparatus Of Hs in Australia and Oceania

In value terms, parts of apparatus of hs production dropped sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a tangible increase. The pace of growth was the most pronounced in 2015 with an increase of 10,384% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Parts Of Apparatus Of Hs

Exports in Australia and Oceania

In 2021, approx. X units of parts of apparatus of hs were exported in Australia and Oceania; with an increase of 28% compared with 2020. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -21.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 78% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, parts of apparatus of hs exports skyrocketed to $X in 2021. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 110% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia was the largest exporting country with an export of around X units, which resulted at 87% of total exports. It was distantly followed by New Zealand (X units), achieving a 12% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to parts of apparatus of hs exports from Australia stood at +4.7%. At the same time, New Zealand (+7.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +7.2% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +2.1 percentage points.

In value terms, Australia ($X) remains the largest parts of apparatus of hs supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.9% share of total exports.

In Australia, parts of apparatus of hs exports expanded at an average annual rate of +18.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. The level of export peaked at $X per unit in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.1%).

Imports of Parts Of Apparatus Of Hs

Imports in Australia and Oceania

In 2021, purchases abroad of parts of apparatus of hs decreased by -7.8% to X units, falling for the third year in a row after two years of growth. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 0.9%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, parts of apparatus of hs imports reached $X in 2021. In general, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 25%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

Australia (X units) and New Zealand (X units) prevails in imports structure, together creating 84% of total imports. It was distantly followed by Papua New Guinea (X units), achieving a 9.1% share of total imports. The following importers - New Caledonia (X units) and French Polynesia (X units) - each finished at a 3.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Papua New Guinea (with a CAGR of +26.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Australia ($X) constitutes the largest market for imported parts of apparatus of hs in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports. It was followed by Papua New Guinea, with a 0.6% share.

In Australia, parts of apparatus of hs imports expanded at an average annual rate of +10.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+12.8% per year) and Papua New Guinea (+1.7% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, picking up by 23% against the previous year. Overall, the import price showed a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of 132% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($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 (+33.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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