Australia and Oceania: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Australia and Oceania

In 2022, the trailer and semi-trailer market in Australia and Oceania increased by 7.4% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, posted prominent growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Trailer And Semi-Trailer Production in Australia and Oceania

In value terms, trailer and semi-trailer production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Trailer And Semi-Trailer Exports

Exports in Australia and Oceania

In 2022, the amount of cargo trailers and semi-trailers exported in Australia and Oceania soared to X units, increasing by 91% compared with 2021. Over the period under review, exports, however, recorded a perceptible reduction. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer exports skyrocketed to $X in 2022. In general, exports, however, showed a perceptible shrinkage. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units) and New Zealand (X units) represented roughly 99% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of +17.4%).

In value terms, New Zealand ($X) remains the largest trailer and semi-trailer supplier in Australia and Oceania, comprising 67% of total exports. The second position in the ranking was held by Australia ($X), with a 32% share of total exports.

In New Zealand, trailer and semi-trailer exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, shrinking by -14.4% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price 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, trailer and semi-trailer export price increased by +35.1% against 2018 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 74% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 Australia (+5.4%).

Trailer And Semi-Trailer Imports

Imports in Australia and Oceania

In 2022, after six years of growth, there was significant decline in overseas purchases of cargo trailers and semi-trailers, when their volume decreased by -5.7% to X units. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +80.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, trailer and semi-trailer imports soared to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Australia (X units) was the key importer of cargo trailers and semi-trailers, constituting 79% of total imports. It was distantly followed by New Zealand (X units), creating a 17% share of total imports.

Australia was also the fastest-growing in terms of the cargo trailers and semi-trailers imports, with a CAGR of +6.0% from 2012 to 2022. At the same time, New Zealand (+5.1%) displayed positive paces of growth. While the share of Australia (+4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cargo trailers and semi-trailers in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +6.8%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, surging by 24% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.6%).

Source: IndexBox Platform