Australia and Oceania: Electronic Chip Market 2024

Electronic Chip Market Size in Australia and Oceania

In 2021, the electronic chip market in Australia and Oceania decreased by -2.7% to $X for the first time since 2014, thus ending a six-year rising trend. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +54.7% against 2014 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Electronic Chip Production in Australia and Oceania

In value terms, electronic chip production contracted to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.1% against 2014 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Electronic Chip Exports

Exports in Australia and Oceania

In 2021, exports of electronic chips in Australia and Oceania rose markedly to X units, growing by 12% on the year before. Overall, exports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 38% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, electronic chip exports soared to $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.2% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 36%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

Australia represented the largest exporting country with an export of around X units, which recorded 73% of total exports. It was distantly followed by New Zealand (X units), creating a 21% share of total exports. Papua New Guinea (X units) took a relatively small share of total exports.

Exports from Australia decreased at an average annual rate of -2.6% from 2012 to 2021. At the same time, Papua New Guinea (+12.6%) and New Zealand (+1.9%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +12.6% from 2012-2021. New Zealand (+5.4 p.p.) and Papua New Guinea (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -8.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest electronic chip supplier in Australia and Oceania, comprising 66% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 27% share of total exports.

In Australia, electronic chip exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+9.0% per year) and Papua New Guinea (+28.4% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, growing by 20% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip export price increased by +73.8% against 2017 indices. The growth pace was the most rapid in 2019 when the export price increased by 30%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while Australia ($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 (+14.0%), while the other leaders experienced more modest paces of growth.

Electronic Chip Imports

Imports in Australia and Oceania

In 2021, approx. X units of electronic chips were imported in Australia and Oceania; leveling off at the year before. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 0.1%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electronic chip imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern 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.

Imports by Country

In 2021, Australia (X units) was the main importer of electronic chips, mixing up 79% of total imports. It was distantly followed by New Zealand (X units), making up a 16% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electronic chip imports into Australia stood at -6.9%. New Zealand (-2.5%) illustrated a downward trend over the same period. While the share of New Zealand (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-6.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported electronic chips in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +1.8%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, picking up by 23% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+9.3%).

Source: IndexBox Platform

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