Australia: Dc Motor Market 2024

Dc Motor Market Size in Australia

In 2023, the Australian DC motor market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Dc Motor Production in Australia

In value terms, DC motor production dropped slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Dc Motor Exports

Exports from Australia

In 2023, overseas shipments of DC motors decreased by X% to X units, falling for the second year in a row after four years of growth. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, DC motor exports shrank to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then dropped in the following year.

Exports by Country

New Zealand (X units), the United States (X units) and Thailand (X units) were the main destinations of DC motor exports from Australia, together accounting for X% of total exports. Malaysia, Singapore, Pakistan, Italy, the Netherlands, Germany, the UK, China and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for DC motor exported from Australia were the United States ($X), New Zealand ($X) and Thailand ($X), together comprising X% of total exports. Malaysia, Singapore, the UK, Germany, France, the Netherlands, China, Italy and Pakistan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Pakistan, with a CAGR of X%, recorded 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 DC motor export price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price saw strong growth. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dc Motor Imports

Imports into Australia

In 2023, approx. X units of DC motors were imported into Australia; flattening at 2022 figures. In general, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, DC motor imports amounted to $X in 2023. Over the period under review, total imports indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

China (X units), the United States (X units) and Singapore (X units) were the main suppliers of DC motor imports to Australia, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Singapore ($X) were the largest DC motor suppliers to Australia, together comprising X% of total imports.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 DC motor import price stood at $X per unit in 2023, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform