Australia: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Australia

For the fourth year in a row, the Australian continuous-action elevators and conveyors market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption recorded a strong expansion. Continuous-action elevators and conveyors consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Continuous-Action Elevators And Conveyors in Australia

In value terms, continuous-action elevators and conveyors production amounted to $X in 2022 estimated in export price. In general, production saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Continuous-action elevators and conveyors production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports from Australia

In 2022, overseas shipments of continuous-action elevators and conveyors decreased by X% to X units, falling for the third consecutive year after three years of growth. In general, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors exports rose rapidly to $X in 2022. Overall, exports showed a pronounced decrease. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for continuous-action elevators and conveyors exports from Australia, with a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to New Zealand exceeded the volume sent to the second major destination, Indonesia (X units), eightfold. The UK (X units) ranked third in terms of total exports with a X% share.

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

In value terms, New Zealand ($X), Canada ($X) and the UK ($X) constituted the largest markets for continuous-action elevators and conveyors exported from Australia worldwide, together comprising X% of total exports. Argentina, Thailand, Panama, the United States, New Caledonia, Indonesia, Papua New Guinea, India and China lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Panama, with a CAGR of X%, saw the highest growth rate of 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 continuous-action elevators and conveyors export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Indonesia ($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 Canada (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Continuous-Action Elevators And Conveyors

Imports into Australia

In 2022, the amount of continuous-action elevators and conveyors imported into Australia rose notably to X units, surging by X% against 2021. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, continuous-action elevators and conveyors imports soared to $X in 2022. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of continuous-action elevators and conveyors imports to Australia, with a combined X% share of total imports. Denmark, Poland, Canada, the Netherlands, the UK and New Zealand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Canada ($X) appeared to be the largest continuous-action elevators and conveyors suppliers to Australia, with a combined X% share of total imports. The UK, the United States, the Netherlands, Denmark, New Zealand and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 continuous-action elevators and conveyors import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 UK ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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