Australia: Built-In Jacking System Market 2024

Built-In Jacking System Market Size in Australia

In 2022, after two years of growth, there was significant decline in the Australian built-in jacking system market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated perceptible growth 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. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Built-In Jacking System Exports

Exports from Australia

Built-in jacking system exports from Australia dropped notably to X units in 2022, which is down by X% against the previous year's figure. Overall, exports continue to indicate a significant decline. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, built-in jacking system exports contracted remarkably to $X in 2022. In general, exports faced a sharp slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for built-in jacking system exports from Australia, accounting for a X% share of total exports. Moreover, built-in jacking system exports to New Zealand exceeded the volume sent to the second major destination, Malaysia (X units), fourfold. Norway (X units) ranked third in terms of total exports with a X% share.

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

In value terms, New Zealand ($X) remains the key foreign market for built-in jacking systems of a type used in garages for raising vehicles exports from Australia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average built-in jacking system export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to the United Arab Emirates ($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 Papua New Guinea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Built-In Jacking System Imports

Imports into Australia

In 2022, after two years of growth, there was significant decline in supplies from abroad of built-in jacking systems of a type used in garages for raising vehicles, when their volume decreased by X% to X units. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, built-in jacking system imports fell dramatically to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of built-in jacking system to Australia, accounting for a X% share of total imports. Moreover, built-in jacking system imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. South Korea (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 China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of built-in jacking systems of a type used in garages for raising vehicles to Australia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average built-in jacking system import price amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 the United States ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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