Australia: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Australia

In 2022, the Australian transportation vehicle body market increased by less than X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, showed a resilient expansion. Transportation vehicle body consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Transportation Vehicle Body Production in Australia

In value terms, transportation vehicle body production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports from Australia

In 2022, after three years of decline, there was growth in shipments abroad of bodies for motor vehicles for the transporting people, when their volume increased by X% to X units. Over the period under review, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 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, transportation vehicle body exports surged to $X in 2022. In general, exports, however, faced a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for transportation vehicle body exports from Australia, with a X% share of total exports. Moreover, transportation vehicle body exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was held by Egypt (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Egypt (X% per year).

In value terms, Malaysia ($X), the United States ($X) and New Zealand ($X) appeared to be the largest markets for transportation vehicle body exported from Australia worldwide, together comprising X% of total exports. Spain, Egypt, Papua New Guinea, Fiji, Kuwait and New Caledonia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Fiji, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price saw a prominent increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to New Caledonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into Australia

In 2022, purchases abroad of bodies for motor vehicles for the transporting people increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, transportation vehicle body imports declined to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest transportation vehicle body supplier to Australia, accounting for a X% share of total imports. Moreover, transportation vehicle body imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Italy (X% per year).

In value terms, the largest transportation vehicle body suppliers to Australia were South Africa ($X), the United States ($X) and Italy ($X), with a combined X% share of total imports.

South Africa, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average transportation vehicle body import price amounted to $X per unit, declining by X% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transportation vehicle body import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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