Australia and Oceania: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Australia and Oceania

The ride-on compaction equipment market in Australia and Oceania soared to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded significant growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Ride-On Compaction Equipment Production in Australia and Oceania

In value terms, ride-on compaction equipment production skyrocketed to $X in 2022 estimated in export price. In general, production posted a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Ride-On Compaction Equipment Exports

Exports in Australia and Oceania

In 2022, shipments abroad of ride-on compaction equipment decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a mild expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports reduced to $X in 2022. In general, exports, however, posted a perceptible expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X units) was the key exporter of ride-on compaction equipment, creating X% of total exports. It was distantly followed by New Zealand (X units), achieving a X% share of total exports. Fiji (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ride-on compaction equipment exports from Australia stood at X%. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) and Fiji (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 ($X) remains the largest ride-on compaction equipment supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

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

In 2022, the export price in Australia and Oceania amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price showed mild growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

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 Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

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

Ride-On Compaction Equipment Imports

Imports in Australia and Oceania

In 2022, overseas purchases of ride-on compaction equipment increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, ride-on compaction equipment imports surged to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Australia (X units) represented the major importer of ride-on compaction equipment, making up X% of total imports. It was distantly followed by New Zealand (X units), generating a X% share of total imports. The following importers - Papua New Guinea (X units) and Samoa (X units) - each amounted to a X% share of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Samoa (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Samoa 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. Australia (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Papua New Guinea saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported ride-on compaction equipment in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

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

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while Samoa ($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 mixed trends in the import price figures.

Source: IndexBox Platform