Australia and Oceania: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Australia and Oceania

The geometrical quantities electronic measurer market in Australia and Oceania stood at $X in 2022, surging by 4.3% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Australia and Oceania

In value terms, geometrical quantities electronic measurer production declined to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 87%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in Australia and Oceania

For the third consecutive year, Australia and Oceania recorded decline in overseas shipments of electronic instruments and machines for measuring geometrical quantities, which decreased by -15.2% to X units in 2022. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 1.9%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports skyrocketed to $X in 2022. Overall, exports recorded a slight descent. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X units) represented the key exporter of electronic instruments and machines for measuring geometrical quantities, making up 61% of total exports. It was distantly followed by New Zealand (X units), constituting a 38% share of total exports.

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 -2.3%).

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, New Zealand, with a CAGR of +8.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, with an increase of 56% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.9%).

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in Australia and Oceania

In 2022, imports of electronic instruments and machines for measuring geometrical quantities in Australia and Oceania shrank markedly to X units, waning by -17.4% compared with the previous year's figure. Overall, imports showed a mild slump. The pace of growth was the most pronounced in 2014 with an increase of 28% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer imports totaled $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 25%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Australia represented the largest importer of electronic instruments and machines for measuring geometrical quantities in Australia and Oceania, with the volume of imports resulting at X units, which was approx. 79% of total imports in 2022. It was distantly followed by New Zealand (X units), comprising a 19% share of total imports.

Imports into Australia decreased at an average annual rate of -3.0% from 2012 to 2022. At the same time, New Zealand (+5.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.2% from 2012-2022. While the share of New Zealand (+9.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-9.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +2.4%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, jumping by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :