Australia and Oceania: Machinery Electrical Parts Market 2025

Machinery Electrical Parts Market Size in Australia and Oceania

The machinery electrical parts market in Australia and Oceania amounted to $X in 2022, remaining constant against the previous year. The total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.8% against 2019 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Machinery Electrical Parts Production in Australia and Oceania

In value terms, machinery electrical parts production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 69% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Machinery Electrical Parts Exports

Exports in Australia and Oceania

In 2022, the amount of electrical parts of machinery or apparatus exported in Australia and Oceania skyrocketed to X tons, growing by 42% on 2021 figures. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 382% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, machinery electrical parts exports fell to $X in 2022. Over the period under review, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 191% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

The shipments of the two major exporters of electrical parts of machinery or apparatus, namely New Zealand and Australia, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of +19.9%).

In value terms, New Zealand ($X) remains the largest machinery electrical parts supplier in Australia and Oceania, comprising 69% of total exports. The second position in the ranking was taken by Australia ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand amounted to +26.3%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with a decrease of -36.1% against the previous year. In general, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 77% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.0%).

Machinery Electrical Parts Imports

Imports in Australia and Oceania

Machinery electrical parts imports dropped modestly to X tons in 2022, waning by -2.7% compared with 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 48%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, machinery electrical parts imports reduced to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) was the major importer of electrical parts of machinery or apparatus, mixing up 61% of total imports. It was distantly followed by New Zealand (X tons), comprising a 31% share of total imports. The following importers - Papua New Guinea (X tons) and Cook Islands (X tons) - each recorded a 4.6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported electrical parts of machinery or apparatus in Australia and Oceania, comprising 67% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 17% share of total imports. It was followed by Papua New Guinea, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (+24.5% per year) and Papua New Guinea (-2.9% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, which is down by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 when the import price increased by 44% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Cook Islands ($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 (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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