Australia and Oceania: Shaft Coupling Market 2024

Shaft Coupling Market Size in Australia and Oceania

The shaft coupling market in Australia and Oceania expanded notably to $X in 2022, with an increase of 15% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in Australia and Oceania

In value terms, shaft coupling production reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Shaft Coupling Exports

Exports in Australia and Oceania

In 2022, exports of clutches and shaft couplings in Australia and Oceania dropped dramatically to X tons, waning by -20.6% on the previous year's figure. Over the period under review, exports showed a deep contraction. The growth pace was the most rapid in 2019 when exports increased by 57%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, shaft coupling exports shrank notably to $X in 2022. Overall, exports recorded a mild slump. The pace of growth was the most pronounced in 2017 when exports increased by 77%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. 91% of total exports in 2022. It was distantly followed by New Zealand (X tons), making up a 7.2% share of total exports. Papua New Guinea (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of -7.3% from 2012 to 2022. At the same time, Papua New Guinea (+28.2%) and New Zealand (+8.8%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +28.2% from 2012-2022. While the share of New Zealand (+5.6 p.p.) and Papua New Guinea (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-7.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest shaft coupling supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -2.2%. In the other countries, the average annual rates were as follows: New Zealand (+8.7% per year) and Papua New Guinea (+38.6% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, growing by 6.5% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling export price increased by +8.6% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 47%. The level of export peaked at $X per ton in 2017; however, from 2018 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 ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+8.1%), while the other leaders experienced mixed trends in the export price figures.

Shaft Coupling Imports

Imports in Australia and Oceania

Shaft coupling imports soared to X tons in 2022, rising by 22% on 2021 figures. Overall, imports, however, showed a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 27%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, shaft coupling imports reached $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 21%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, reaching X tons, which was approx. 89% of total imports in 2022. It was distantly followed by New Zealand (X tons), making up a 7.5% share of total imports. Papua New Guinea (X tons) took a relatively small share of total imports.

Imports into Australia decreased at an average annual rate of -3.1% from 2012 to 2022. At the same time, New Zealand (+5.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.1% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. New Zealand (+4 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported clutches and shaft couplings in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Zealand ($X), with a 7.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.0% per year) and Papua New Guinea (-0.9% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, which is down by -11.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2015 when the import price increased by 26% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while New Zealand ($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 (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :