Australia and Oceania: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in Australia and Oceania

The unit construction machine market in Australia and Oceania contracted sharply to $X in 2023, with a decrease of X% against the previous year. In general, consumption saw a sharp curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Unit Construction Machine Production in Australia and Oceania

In value terms, unit construction machine production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of X,500%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

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

Unit Construction Machine Exports

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in shipments abroad of unit construction machines for working metal, which increased by X% to X units in 2023. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, unit construction machine exports surged to $X in 2023. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Australia was the key exporter of unit construction machines for working metal in Australia and Oceania, with the volume of exports accounting for X units, which was near X% of total exports in 2023. It was distantly followed by New Zealand (X units), achieving a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to unit construction machine exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) and Australia ($X) were the countries with the highest levels of exports in 2023.

In terms of the main exporting countries, New Zealand, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Unit Construction Machine Imports

Imports in Australia and Oceania

In 2023, approx. X units of unit construction machines for working metal were imported in Australia and Oceania; with an increase of X% on the previous year's figure. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, unit construction machine imports contracted sharply to $X in 2023. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then fell rapidly in the following year.

Imports by Country

Australia represented the main importing country with an import of about X units, which finished at X% of total imports. New Caledonia (X units) ranks second in terms of the total imports with a X% share, followed by Papua New Guinea (X%) and Fiji (X%). French Polynesia (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the unit construction machines for working metal imports, with a CAGR of X% from 2012 to 2023. Fiji and French Polynesia experienced a relatively flat trend pattern. New Caledonia (X%) and Papua New Guinea (X%) illustrated a downward trend over the same period. Australia (X p.p.), Fiji (X p.p.) and French Polynesia (X p.p.) significantly strengthened its position in terms of the total imports, while New Caledonia and Papua New Guinea saw its share reduced by X% and X% from 2012 to 2023, respectively.

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

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

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the import price, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2022, and then reduced sharply in the following year.

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

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

Source: IndexBox Platform