Australia and Oceania: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in Australia and Oceania

The driving and non-driving axle market in Australia and Oceania expanded rapidly to $X in 2021, picking up by 13% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Drive-Axles with Differential and Non-Driving Axles in Australia and Oceania

In value terms, driving and non-driving axle production rose sharply to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 46%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in Australia and Oceania

Driving and non-driving axle exports surged to X tons in 2021, picking up by 62% compared with 2020. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 78%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, driving and non-driving axle exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia prevails in exports structure, amounting to X tons, which was near 93% of total exports in 2021. It was distantly followed by New Zealand (X tons), mixing up a 6.4% share of total exports.

Australia was also the fastest-growing in terms of the drive-axles with differential and non-driving axles exports, with a CAGR of +10.7% from 2012 to 2021. New Zealand (-11.2%) illustrated a downward trend over the same period. Australia (+26 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -26.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest driving and non-driving axle supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was held by New Zealand ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +9.7%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 3.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the export price increased by 34% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+7.7%).

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in Australia and Oceania

After five years of decline, supplies from abroad of drive-axles with differential and non-driving axles increased by 113% to X tons in 2021. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, driving and non-driving axle imports soared to $X in 2021. Overall, imports, however, recorded a perceptible descent. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was approx. 91% of total imports in 2021. It was distantly followed by New Zealand (X tons), generating a 7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to driving and non-driving axle imports into Australia stood at +4.0%. At the same time, New Zealand (+11.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +11.3% from 2012-2021. While the share of New Zealand (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-3.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 6.9% share of total imports.

In Australia, driving and non-driving axle imports declined by an average annual rate of -3.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, shrinking by -28.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when the import price increased by 41%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-6.0%).

Source: IndexBox Platform

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