Australia: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Australia

In 2022, the Australian endless machinery band market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a abrupt descent. Endless machinery band consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Endless Machinery Band Production in Australia

In value terms, endless machinery band production totaled $X in 2022 estimated in export price. Over the period under review, production showed a dramatic setback. The growth pace was the most rapid in 2014 with an increase of X,700% against the previous year. Endless machinery band production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Endless Machinery Band Exports

Exports from Australia

In 2022, approx. X square meters of endless bands for machinery, of stainless steel were exported from Australia; with an increase of X% on 2021. In general, exports, however, continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports reached $X in 2022. Overall, exports, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X square meters) was the main destination for endless machinery band exports from Australia, accounting for a X% share of total exports. Moreover, endless machinery band exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X square meters), twofold. Indonesia (X square meters) ranked third in terms of total exports with a X% share.

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

In value terms, Papua New Guinea ($X), New Zealand ($X) and Indonesia ($X) were the largest markets for endless machinery band exported from Australia worldwide, with a combined X% share of total exports. Ghana lagged somewhat behind, comprising a further X%.

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

Export Prices by Country

In 2022, the average endless machinery band export price amounted to $X per square meter, dropping by X% against the previous year. Overall, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per square meter in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while the average price for exports to Indonesia ($X per square meter) was amongst the lowest.

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

Endless Machinery Band Imports

Imports into Australia

In 2022, supplies from abroad of endless bands for machinery, of stainless steel was finally on the rise to reach X square meters after two years of decline. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, endless machinery band imports expanded markedly to $X in 2022. Overall, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X square meters), the United States (X square meters) and China (X square meters) were the main suppliers of endless machinery band imports to Australia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest endless machinery band suppliers to Australia, together accounting for X% of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded 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 endless machinery band import price amounted to $X per square meter, therefore, remained relatively stable against the previous year. Overall, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per square meter) and Belgium ($X per square meter), while the price for China ($X per square meter) and the UK ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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