Australia: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Australia

The Australian cable-making machine market reached $X in 2023, growing by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Cable-Making Machine Production in Australia

In value terms, cable-making machine production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Cable-making machine production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Cable-Making Machine Exports

Exports from Australia

In 2023, approx. X units of rope or cable-making machines were exported from Australia; shrinking by X% compared with 2022 figures. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cable-making machine exports skyrocketed to $X in 2023. Overall, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for cable-making machine exports from Australia, with a X% share of total exports. Moreover, cable-making machine exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold. The third position in this ranking was held by Papua New Guinea (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Papua New Guinea (X% per year).

In value terms, the United States ($X) remains the key foreign market for rope or cable-making machines exports from Australia, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

In 2023, the average cable-making machine export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cable-Making Machine Imports

Imports into Australia

Cable-making machine imports into Australia soared to X units in 2023, increasing by X% against the year before. Overall, imports, however, saw a deep downturn. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, cable-making machine imports skyrocketed to $X in 2023. In general, imports, however, showed a pronounced decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest supplier of cable-making machine to Australia, with a X% share of total imports. Moreover, cable-making machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. Denmark (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Denmark (X% per year).

In value terms, the largest cable-making machine suppliers to Australia were Finland ($X), Italy ($X) and Turkey ($X), together comprising X% of total imports. Denmark, China and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Denmark, 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 2023, the average cable-making machine import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price enjoyed a tangible expansion. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform