Australia and Oceania: Concrete Pump Market 2024

Concrete Pump Market Size in Australia and Oceania

In 2021, after two years of growth, there was decline in the concrete pump market in Australia and Oceania, when its value decreased by -0.7% to $X. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.7% against 2018 indices. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Concrete Pump Production in Australia and Oceania

In value terms, concrete pump production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 2.4% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell slightly in the following year.

Concrete Pump Exports

Exports in Australia and Oceania

In 2021, shipments abroad of concrete pumps increased by 44% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete pump exports soared to $X in 2021. Overall, exports, however, saw a perceptible setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X units) represented roughly 100% of total exports in 2021.

Australia was also the fastest-growing in terms of the concrete pumps exports, with a CAGR of -27.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest concrete pump supplier in Australia and Oceania.

In Australia, concrete pump exports plunged by an average annual rate of -3.4% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, growing by 53% against the previous year. Overall, the export price enjoyed a significant increase. The growth pace was the most rapid in 2020 an increase of 293% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +32.5% per year.

Concrete Pump Imports

Imports in Australia and Oceania

In 2021, overseas purchases of concrete pumps were finally on the rise to reach X units for the first time since 2014, thus ending a six-year declining trend. Overall, imports posted a tangible increase. The pace of growth was the most pronounced in 2014 with an increase of 357% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, concrete pump imports surged to $X in 2021. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X units) represented the major importer of concrete pumps, committing 76% of total imports. It was distantly followed by New Zealand (X units), creating a 14% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to concrete pump imports into Australia stood at +8.4%. At the same time, New Zealand (+8.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.6% from 2012-2021. By contrast, Papua New Guinea (-16.4%) illustrated a downward trend over the same period. Australia (+25 p.p.) and New Zealand (+4.7 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea saw its share reduced by -24.2% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported concrete pumps in Australia and Oceania, comprising 76% of total imports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total imports.

In Australia, concrete pump imports expanded at an average annual rate of +4.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+22.5% per year) and Papua New Guinea (+2.3% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, with an increase of 30% against the previous year. In general, the import price posted a noticeable expansion. The pace of growth was the most pronounced in 2015 an increase of 301%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+22.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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