Australia and Oceania: Spades And Shovels Market 2024

Spades And Shovels Exports

Exports in Australia and Oceania

In 2023, the amount of spades and shovels exported in Australia and Oceania soared to X tons, picking up by X% compared with the previous year. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, spades and shovels exports surged to $X in 2023. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by New Zealand (X tons), constituting a X% share of total exports. Samoa (X tons) took a relatively small share of total exports.

Australia was also the fastest-growing in terms of the spades and shovels exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) and Samoa (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia and Samoa increased by X and X percentage points, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Australia stood at X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Samoa (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Spades And Shovels Imports

Imports in Australia and Oceania

Spades and shovels imports fell remarkably to X tons in 2023, which is down by X% on the year before. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, spades and shovels imports shrank remarkably to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Australia represented the main importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Papua New Guinea (X tons) and New Zealand (X tons), together comprising a X% share of total imports. Fiji (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. Fiji experienced a relatively flat trend pattern. By contrast, New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Papua New Guinea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, spades and shovels import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform