Australia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Australia

The Australian food manufacture machinery market soared to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a slight 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, consumption increased by X% against 2019 indices. Food manufacture machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Food Manufacture Machinery Production in Australia

In value terms, food manufacture machinery production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Food Manufacture Machinery Exports

Exports from Australia

In 2022, overseas shipments of machinery for the preparation or manufacture of food or drink decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, food manufacture machinery exports shrank remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for food manufacture machinery exports from Australia, with a X% share of total exports. Moreover, food manufacture machinery exports to New Zealand exceeded the volume sent to the second major destination, the Philippines (X units), sixfold. Italy (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 amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Italy (X% per year).

In value terms, the largest markets for food manufacture machinery exported from Australia were the Philippines ($X), Pakistan ($X) and the UK ($X), with a combined X% share of total exports.

Among the main countries of destination, the Philippines, 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 food manufacture machinery export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price saw a perceptible increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to New Zealand ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Australia

Food manufacture machinery imports into Australia skyrocketed to X units in 2022, increasing by X% against the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, food manufacture machinery imports amounted to $X in 2022. Over the period under review, total imports indicated a noticeable 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main suppliers of food manufacture machinery imports to Australia, together comprising X% of total imports. China, Japan, the Netherlands, the UK, Denmark and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest food manufacture machinery suppliers to Australia were Germany ($X), Italy ($X) and the United States ($X), with a combined X% share of total imports. China, Japan, the Netherlands, the UK, Denmark and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, import price indicated a strong 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, food manufacture machinery import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then shrank notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and Denmark ($X per unit), while the price for the Netherlands ($X per unit) and Taiwan (Chinese) ($X per unit) 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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