Australia and Oceania: Gasket Market 2020

Gasket Market Size in Australia and Oceania

The revenue of the gasket market in Australia and Oceania amounted to $X in 2017, coming up by X% against the previous year. The gasket consumption continues to indicate a remarkable growth. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. In that year, the gasket market attained their peak level of $X. From 2011 to 2017, growth of the gasket market failed to regain its momentum.

Gasket Production in Australia and Oceania

In 2017, the amount of gaskets and similar joints of metal sheeting produced in Australia and Oceania stood at X units, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. In that year, the gasket production attained their peak volume, and is likely to continue its growth in the immediate term.

Gasket Exports in Australia and Oceania

In 2017, gasket exports in Australia and Oceania amounted to X units, shrinking by -X% against the previous year. The gasket exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016, when exports increased by X% against the previous year. In that year, the gasket exports attained their peak volume of X units, and then declined slightly in the following year.

In value terms, gasket exports totaled $X in 2017. The total exports indicated a remarkable increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket exports increased by +X% against 2015 indices. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Gasket Exports by Country in Australia and Oceania

Australia prevails in gasket exports structure, resulting at X units, which was approx. X% of total exports in 2017. It was distantly followed by New Zealand (X units), committing X% share of total exports.

Australia experienced a relatively flat trend pattern of gaskets and similar joints of metal sheeting exports. New Zealand experienced a relatively flat trend pattern. Australia (X%) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest gasket supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in Australia stood at +X%.

Gasket Export Prices by Country in Australia and Oceania

The gasket export price in Australia and Oceania stood at $X per unit in 2017, going up by X% against the previous year. The export price indicated a prominent growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017, an increase of X% against the previous year. In that year, the export prices for gaskets and similar joints of metal sheeting reached their peak level, and is likely to continue its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was New Zealand ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by New Zealand (+X% per year).

Gasket Imports in Australia and Oceania

In 2017, approx. X units of gaskets and similar joints of metal sheeting were imported in Australia and Oceania; approximately reflecting the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2010, when imports increased by X% y-o-y. Over the period under review, the gasket imports reached its peak figure volume of X units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, gasket imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Gasket Imports by Country in Australia and Oceania

Australia dominates gasket imports structure, amounting to X units, which was approx. X% of total imports in 2017. It was distantly followed by New Zealand (X units), committing X% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to gasket imports into Australia stood at +X%. At the same time, Papua New Guinea (+X%) and New Zealand (+X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest growing importer in Australia and Oceania, with a CAGR of +X% from 2007-2017. While the share of New Zealand (-X%) and Australia (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported gaskets and similar joints of metal sheeting in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of global imports. It was followed by Papua New Guinea, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Australia totaled +X%. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and Papua New Guinea (+X% per year).

Gasket Import Prices by Country in Australia and Oceania

The gasket import price in Australia and Oceania stood at $X per unit in 2017, coming up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. The level of import price peaked of $X per unit in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Papua New Guinea ($X per unit) and New Zealand ($X per unit), while Australia ($X per unit) and New Zealand ($X per unit) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Papua New Guinea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform