Australia and Oceania: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Australia and Oceania

The brakes and servo-brakes market in Australia and Oceania totaled $X in 2022, picking up by 9% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Brakes And Servo-Brakes Production in Australia and Oceania

In value terms, brakes and servo-brakes production stood at $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 79%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Brakes And Servo-Brakes Exports

Exports in Australia and Oceania

Brakes and servo-brakes exports fell markedly to X tons in 2022, declining by -27% on the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, brakes and servo-brakes exports declined significantly to $X in 2022. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, recording X tons, which was near 98% of total exports in 2022. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the brakes and servo-brakes exports, with a CAGR of +1.2% from 2012 to 2022. New Zealand (-5.7%) illustrated a downward trend over the same period. Australia (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -1.7% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest brakes and servo-brakes supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was held by New Zealand ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -2.5%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by 9.3% against the previous year. In general, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of 25% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-2.0%).

Brakes And Servo-Brakes Imports

Imports in Australia and Oceania

In 2022, purchases abroad of brakes and servo-brakes increased by 0.5% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, brakes and servo-brakes imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Australia (X tons) was the key importer of brakes and servo-brakes, generating 83% of total imports. It was distantly followed by New Zealand (X tons), generating a 14% share of total imports. Papua New Guinea (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to brakes and servo-brakes imports into Australia stood at -1.5%. At the same time, New Zealand (+2.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +2.7% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. New Zealand (+4.2 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -5.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported brakes and servo-brakes in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+4.6% per year) and Papua New Guinea (-1.2% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 9.8% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price 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, brakes and servo-brakes import price decreased by -0.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by 31% against the previous year. The level of import peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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