Australia and Oceania: Prefabricated Buildings Market 2022

Prefabricated Buildings Market Size in Australia and Oceania

In 2021, the prefabricated buildings market in Australia and Oceania was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.2% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Prefabricated Buildings Production in Australia and Oceania

In value terms, prefabricated buildings production amounted to $X in 2021 estimated in export price. Over the period under review, production posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 68% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Prefabricated Buildings Exports

Exports in Australia and Oceania

In 2021, approx. X units of prefabricated buildings were exported in Australia and Oceania; jumping by 48% against the previous year. Over the period under review, exports continue to indicate resilient growth. The growth pace was the most rapid in 2013 when exports increased by 199%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, prefabricated buildings exports surged to $X in 2021. Overall, exports posted mild growth. The most prominent rate of growth was recorded in 2013 when exports increased by 80%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia was the major exporting country with an export of about X units, which recorded 68% of total exports. It was distantly followed by New Zealand (X units), making up a 31% share of total exports.

Exports from Australia increased at an average annual rate of +10.7% from 2012 to 2021. At the same time, New Zealand (+25.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +25.2% from 2012-2021. While the share of New Zealand (+18 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-15.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest prefabricated buildings supplier in Australia and Oceania, comprising 68% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 32% share of total exports.

In Australia, prefabricated buildings exports declined by an average annual rate of -1.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, rising by 12% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 21%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 (-7.7%).

Prefabricated Buildings Imports

Imports in Australia and Oceania

Prefabricated buildings imports surged to X units in 2021, with an increase of 36% against 2020. Over the period under review, imports enjoyed tangible growth. The pace of growth was the most pronounced in 2013 with an increase of 92%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prefabricated buildings imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt decrease. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X units) was the major importer of prefabricated buildings, generating 56% of total imports. It was distantly followed by New Zealand (X units) and Papua New Guinea (X units), together committing a 34% share of total imports. The following importers - French Polynesia (X units) and New Caledonia (X units) - each finished at a 3.6% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of prefabricated buildings. At the same time, New Zealand (+21.3%) and Papua New Guinea (+2.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +21.3% from 2012-2021. By contrast, French Polynesia (-3.3%) and New Caledonia (-6.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +20 percentage points. New Caledonia (-2.2 p.p.) and Australia (-16.6 p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported prefabricated buildings in Australia and Oceania, comprising 59% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 26% share of total imports. It was followed by Papua New Guinea, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -9.2%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+19.6% per year) and Papua New Guinea (-11.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, surging by 8% against the previous year. Overall, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 8.4% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Australia ($X per unit) and New Zealand ($X per unit), while New Caledonia ($X per unit) and Papua New Guinea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by French Polynesia (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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