Australia and Oceania: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in Australia and Oceania

For the fourth consecutive year, the concrete-mixer lorry market in Australia and Oceania recorded growth in sales value, which increased by 26% to $X in 2022. Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Concrete-Mixer Lorry Production in Australia and Oceania

In value terms, concrete-mixer lorry production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of 835%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Concrete-Mixer Lorry Exports

Exports in Australia and Oceania

In 2022, exports of concrete-mixer lorries in Australia and Oceania skyrocketed to X units, surging by 53% compared with the previous year's figure. Over the period under review, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 482%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports skyrocketed to $X in 2022. Overall, exports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 726% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, amounting to X units, which was approx. 91% of total exports in 2022. It was distantly followed by New Zealand (X units), achieving an 8.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to concrete-mixer lorry exports from Australia stood at -14.2%. New Zealand (-6.7%) illustrated a downward trend over the same period. New Zealand (+4.8 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -3.8% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest concrete-mixer lorry supplier in Australia and Oceania, comprising 92% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 7.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -13.2%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, jumping by 42% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2016 when the export price increased by 42% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, 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 (+10.9%).

Concrete-Mixer Lorry Imports

Imports in Australia and Oceania

In 2022, purchases abroad of concrete-mixer lorries increased by 18% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 28%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, concrete-mixer lorry imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 71%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X units) and New Zealand (X units) were the main importers of concrete-mixer lorries in 2022, accounting for approx. 32% and 24% of total imports, respectively. Papua New Guinea (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Solomon Islands (7.1%) and New Caledonia (4.8%). Fiji (X units), Samoa (X units), Vanuatu (X units), Kiribati (X units), Micronesia (X units), Tonga (X units) and Palau (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported concrete-mixer lorries in Australia and Oceania, comprising 62% of total imports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total imports. It was followed by Papua New Guinea, with a 4% share.

In Australia, concrete-mixer lorry imports decreased by an average annual rate of -2.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+30.6% per year) and Papua New Guinea (-8.6% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, rising by 8.8% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2017 an increase of 47%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Micronesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Micronesia (+17.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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