Australia and Oceania: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Australia and Oceania

The market for turbo, rotary and reciporating displacement compressors in Australia and Oceania totaled $X in 2022, growing by 2.1% against the previous year. Overall, consumption recorded a pronounced decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Australia and Oceania

In value terms, production of turbo, rotary and reciporating displacement compressors totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 15%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in Australia and Oceania

Exports of turbo, rotary and reciporating displacement compressors dropped to X units in 2022, which is down by -6.4% compared with 2021. In general, exports showed a mild decrease. The pace of growth appeared the most rapid in 2016 with an increase of 47% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of turbo, rotary and reciporating displacement compressors rose markedly to $X in 2022. Over the period under review, exports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 28% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates compressors structure, finishing at X units, which was near 96% of total exports in 2022. New Zealand (X units) held a minor share of total exports.

Australia was also the fastest-growing in terms of the turbo, rotary and reciporating displacement compressors exports, with a CAGR of -1.0% from 2012 to 2022. New Zealand (-14.5%) illustrated a downward trend over the same period. While the share of Australia (+6.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total exports.

In Australia, exports of turbo, rotary and reciporating displacement compressors shrank by an average annual rate of -1.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, surging by 16% against the previous year. In general, the export price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2020 when the export price increased by 49%. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.0%).

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in Australia and Oceania

Imports of turbo, rotary and reciporating displacement compressors fell to X units in 2022, waning by -6.3% compared with the previous year's figure. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +38.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Australia prevails in compressors structure, resulting at X units, which was approx. 88% of total imports in 2022. It was distantly followed by New Zealand (X units), comprising a 9.7% share of total imports.

Imports into Australia increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, New Zealand (+2.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +2.6% from 2012-2022. Australia (-1.6 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported turbo, rotary and reciporating displacement compressors in Australia and Oceania, comprising 87% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 9.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at -7.1%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, jumping by 24% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth appeared the most rapid in 2016 when the import price increased by 28% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-4.2%).

Source: IndexBox Platform

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