Australia: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Australia

The Australian gearboxes and speed changers market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, saw strong growth. Gearboxes and speed changers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Gearboxes and Speed Changers in Australia

In value terms, gearboxes and speed changers production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports from Australia

In 2022, approx. X tons of gearboxes and speed changers were exported from Australia; which is down by X% on the year before. Over the period under review, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports fell to $X in 2022. Overall, total exports indicated a mild increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Papua New Guinea (X tons) and Japan (X tons) were the main destinations of gearboxes and speed changers exports from Australia, together comprising X% of total exports. Indonesia, China, New Zealand, France, Panama, South Africa, Chile, New Caledonia and Singapore lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), Papua New Guinea ($X) and Japan ($X) were the largest markets for gearboxes and speed changers exported from Australia worldwide, together comprising X% of total exports. Indonesia, China, New Zealand, France, Panama, South Africa, Chile, New Caledonia and Singapore lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Panama, 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

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated measured growth 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, gearboxes and speed changers export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and South Africa ($X per ton), while the average price for exports to Singapore ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

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

Imports of Gearboxes and Speed Changers

Imports into Australia

In 2022, overseas purchases of gearboxes and speed changers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gearboxes and speed changers imports expanded modestly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of gearboxes and speed changers imports to Australia, together accounting for X% of total imports. Italy, Japan, France, Belgium, Canada and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest gearboxes and speed changers suppliers to Australia were Germany ($X), the United States ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of 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

The average gearboxes and speed changers import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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