Australia: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Australia

In 2021, the Australian market for wiring sets used in vehicles, aircraft or ships decreased by -1.5% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.1% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in Australia

In value terms, production of wiring sets used in vehicles, aircraft or ships reduced slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +58.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 54%. Over the period under review, production of attained the peak level at $X in 2020, and then fell slightly in the following year.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Australia

In 2021, approx. X tons of wiring sets used in vehicles, aircraft or ships were exported from Australia; increasing by 16% compared with 2020. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 34%. Over the period under review, the exports of attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. Overall, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 32%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

New Zealand (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Australia, accounting for a 43% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.3% per year) and Germany (+57.2% per year).

In value terms, New Zealand ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Australia, comprising 43% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.0% per year) and Germany (+43.6% per year).

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, growing by 9% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for wiring sets used in vehicles, aircraft or ships increased by +39.3% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Indonesia ($X per ton) and New Caledonia ($X per ton), while the average price for exports to Singapore ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Australia

In 2021, the amount of wiring sets used in vehicles, aircraft or ships imported into Australia soared to X tons, with an increase of 21% against the previous year. Overall, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2015 with an increase of 61%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships surged to $X in 2021. In general, imports, however, recorded a slight curtailment. Over the period under review, imports of attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Australia, together accounting for 46% of total imports. Thailand, the Philippines, Mexico, Poland, Germany, Japan, Malaysia, France, Lithuania and India lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +75.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to Australia were Taiwan (Chinese) ($X), the United States ($X) and China ($X), with a combined 45% share of total imports. These countries were followed by Thailand, Mexico, the Philippines, Poland, Japan, Germany, France, Lithuania, India and Malaysia, which together accounted for a further 41%.

Among the main suppliers, Lithuania, with a CAGR of +77.6%, 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 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, surging by 10% against the previous year. In general, the import price showed strong growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 43%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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