Australia: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Australia

In 2022, the Australian full-rotation excavator market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Full-rotation excavator consumption peaked in 2022 and is expected to retain growth in the immediate term.

Full-Rotation Excavator Exports

Exports from Australia

In 2022, overseas shipments of self-propelled full-rotation excavators and bulldozers decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, full-rotation excavator exports plummeted to $X in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. 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

Vietnam (X units) was the main destination for full-rotation excavator exports from Australia, with a X% share of total exports. Moreover, full-rotation excavator exports to Vietnam exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by New Zealand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and New Zealand (X% per year).

In value terms, the United States ($X), Vietnam ($X) and Papua New Guinea ($X) appeared to be the largest markets for full-rotation excavator exported from Australia worldwide, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded 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 full-rotation excavator export price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Egypt ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Australia

For the third year in a row, Australia recorded growth in overseas purchases of self-propelled full-rotation excavators and bulldozers, which increased by X% to X units in 2022. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, full-rotation excavator imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and South Korea (X units) were the main suppliers of full-rotation excavator imports to Australia, with a combined X% share of total imports. Indonesia, Thailand, Austria, the United States, Germany and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Japan ($X), China ($X) and Indonesia ($X) appeared to be the largest full-rotation excavator suppliers to Australia, together comprising X% of total imports.

China, 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 full-rotation excavator import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :