Australia and Oceania: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Australia and Oceania

In 2021, the market for parts of harvester and threshers in Australia and Oceania increased by 36% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Parts Of Harvester And Threshers in Australia and Oceania

In value terms, parts of harvester and threshers production shrank to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 101%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Parts Of Harvester And Threshers

Exports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded growth in overseas shipments of parts of harvester and threshers, which increased by 84% to X units in 2021. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports surged to $X in 2021. Overall, exports saw a temperate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand represented the main exporting country with an export of around X units, which resulted at 72% of total exports. It was distantly followed by Australia (X units), making up a 28% share of total exports.

New Zealand was also the fastest-growing in terms of the parts of harvester and threshers exports, with a CAGR of +13.5% from 2012 to 2021. Australia experienced a relatively flat trend pattern. New Zealand (+27 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -27.2% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest parts of harvester and threshers supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was held by Australia ($X), with a 28% share of total exports.

In New Zealand, parts of harvester and threshers exports increased at an average annual rate of +5.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, surging by 14% against the previous year. Over the period under review, the export price, however, saw a pronounced slump. The growth pace was the most rapid in 2016 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.2%).

Imports of Parts Of Harvester And Threshers

Imports in Australia and Oceania

In 2021, supplies from abroad of parts of harvester and threshers increased by 50% to X units, rising for the second year in a row after four years of decline. In general, imports, however, recorded a abrupt decline. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the largest importing country with an import of around X units, which reached 80% of total imports. It was distantly followed by New Zealand (X units), comprising a 17% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to parts of harvester and threshers imports into Australia stood at -6.8%. At the same time, New Zealand (+7.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.0% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +11 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported parts of harvester and threshers in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 17% share of total imports.

In Australia, parts of harvester and threshers imports increased at an average annual rate of +4.3% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, surging by 3.7% against the previous year. Over the period under review, the import price saw a remarkable increase. The growth pace was the most rapid in 2017 an increase of 58%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, 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 (+11.9%).

Source: IndexBox Platform

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