Australia and Oceania: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Australia and Oceania

In 2022, the construction equipment blade market in Australia and Oceania decreased by -14.8% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.7% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Construction Equipment Blade Production in Australia and Oceania

In value terms, construction equipment blade production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a sharp decline. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Construction Equipment Blade Exports

Exports in Australia and Oceania

In 2022, overseas shipments of blades for construction equipment increased by 83% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of 88%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, construction equipment blade exports surged to $X in 2022. Over the period under review, exports, however, saw a perceptible slump. 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

The biggest shipments were from Australia (X units), together accounting for 99% of total export.

Australia was also the fastest-growing in terms of the blades for construction equipment exports, with a CAGR of +5.4% from 2012 to 2022. While the share of Australia (+3.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest construction equipment blade supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -2.8%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, declining by -20.3% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when the export price increased by 44%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -7.8% per year.

Construction Equipment Blade Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of blades for construction equipment increased by 22% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +43.5% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 77%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, construction equipment blade imports rose significantly to $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 145%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Australia prevails in imports structure, reaching X units, which was approx. 89% of total imports in 2022. It was distantly followed by New Zealand (X units), making up a 5.2% share of total imports. The following importers - Solomon Islands (X units) and Papua New Guinea (X units) - together made up 4.6% of total imports.

Imports into Australia increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Solomon Islands (+20.6%) and New Zealand (+18.8%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +20.6% from 2012-2022. By contrast, Papua New Guinea (-11.2%) illustrated a downward trend over the same period. While the share of New Zealand (+3.8 p.p.), Australia (+2.4 p.p.) and Solomon Islands (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Papua New Guinea (-6.8 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported blades for construction equipment in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 5.1% share of total imports. It was followed by Solomon Islands, with a 2.9% share.

In Australia, construction equipment blade imports increased at an average annual rate of +10.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+5.3% per year) and Solomon Islands (+15.5% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, falling by -7.3% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the import price increased by 39%. The level of import peaked at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Solomon Islands ($X per unit) and Papua New Guinea ($X per unit), while New Zealand ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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