Australia and Oceania: Shipping Market 2024

Shipping Market Size in Australia and Oceania

The shipping market in Australia and Oceania reduced rapidly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, enjoyed prominent growth. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Shipping Production in Australia and Oceania

In value terms, shipping production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Shipping Exports

Exports in Australia and Oceania

In 2022, approx. X units of ships, vessels, ferry-boats for the transport of persons were exported in Australia and Oceania; with a decrease of X% compared with the previous year. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, shipping exports shrank rapidly to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, New Zealand (X units) was the largest exporter of ships, vessels, ferry-boats for the transport of persons, constituting X% of total exports. Marshall Islands (X units) took the second position in the ranking, distantly followed by Papua New Guinea (X units). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to shipping exports from New Zealand stood at X%. Papua New Guinea experienced a relatively flat trend pattern. Marshall Islands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Marshall Islands, New Zealand and Papua New Guinea increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Marshall Islands ($X) remains the largest shipping supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Marshall Islands stood at X%. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and New Zealand (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, which is down by X% against the previous year. Overall, the export price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X,944 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Marshall Islands ($X,257 per unit), while New Zealand ($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 export price figures.

Shipping Imports

Imports in Australia and Oceania

Shipping imports plummeted to X units in 2022, which is down by X% against the previous year. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, shipping imports declined rapidly to $X in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Marshall Islands prevails in imports structure, recording X units, which was approx. X% of total imports in 2022. Papua New Guinea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Australia (X%). The following importers - Tonga (X units), Kiribati (X units), New Caledonia (X units), New Zealand (X units), Solomon Islands (X units), Palau (X units) and Tuvalu (X units) - together made up X% of total imports.

Marshall Islands was also the fastest-growing in terms of the ships, vessels, ferry-boats for the transport of persons imports, with a CAGR of X% from 2012 to 2022. At the same time, Tuvalu (X%) and New Zealand (X%) displayed positive paces of growth. Tonga, Papua New Guinea, Solomon Islands and New Caledonia experienced a relatively flat trend pattern. By contrast, Australia (X%), Palau (X%) and Kiribati (X%) illustrated a downward trend over the same period. While the share of Marshall Islands (X p.p.), Papua New Guinea (X p.p.), New Zealand (X p.p.) and Tonga (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kiribati (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Marshall Islands ($X) constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

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

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X,185 per unit, growing by X% against the previous year. Over the period under review, the import price posted significant growth. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X,792 per unit), while Palau ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tonga (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :