Australia and Oceania: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Exports

Exports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in shipments abroad of electrical apparatus for circuit connection, switching and protection, when their volume increased by 51% to X tons. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern 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.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. Total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Australia (X tons) represented the major exporter of electrical apparatus for circuit connection, switching and protection, creating 86% of total exports. It was distantly followed by New Zealand (X tons), mixing up a 13% share of total exports.

Australia was also the fastest-growing in terms of the electrical apparatus for circuit connection, switching and protection exports, with a CAGR of +2.7% from 2012 to 2021. At the same time, New Zealand (+1.5%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest electrical circuit apparatus supplier in Australia and Oceania, comprising 83% of total exports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total exports.

In Australia, electrical circuit apparatus exports increased at an average annual rate of +3.6% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, growing by 4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 when the export price increased by 11%. The level of export peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.4%).

Electrical Circuit Apparatus Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of electrical apparatus for circuit connection, switching and protection increased by 19% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a mild decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the key importing country with an import of about X tons, which finished at 78% of total imports. It was distantly followed by New Zealand (X tons), making up a 17% share of total imports. The following importers - Fiji (X tons), New Caledonia (X tons) and Papua New Guinea (X tons) - together made up 4.1% of total imports.

From 2012 to 2021, average annual rates of growth with regard to electrical circuit apparatus imports into Australia stood at -2.5%. At the same time, New Zealand (+5.0%) and Fiji (+4.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.0% from 2012-2021. By contrast, New Caledonia (-1.6%) and Papua New Guinea (-2.1%) illustrated a downward trend over the same period. While the share of New Zealand (+7.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported electrical apparatus for circuit connection, switching and protection in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total imports. It was followed by Papua New Guinea, with a 1.2% share.

From 2012 to 2021, 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 (+7.8% per year) and Papua New Guinea (-2.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, picking up by 5.7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2018 when the import price increased by 23%. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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