Australia and Oceania: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Australia and Oceania

After two years of decline, the heat exchange unit market in Australia and Oceania increased by 28% to $X in 2022. Over the period under review, consumption, however, saw a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Heat Exchange Unit Production in Australia and Oceania

In value terms, heat exchange unit production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 27%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Heat Exchange Unit Exports

Exports in Australia and Oceania

In 2022, shipments abroad of heat exchange units decreased by -14.6% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, heat exchange unit exports declined to $X in 2022. In general, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 51%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Australia represented the key exporter of heat exchange units in Australia and Oceania, with the volume of exports finishing at X units, which was near 81% of total exports in 2022. It was distantly followed by New Zealand (X units), mixing up an 18% share of total exports.

Exports from Australia increased at an average annual rate of +5.8% from 2012 to 2022. At the same time, New Zealand (+13.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +13.1% from 2012-2022. While the share of New Zealand (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-8.5 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest heat exchange unit supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports.

In Australia, heat exchange unit exports expanded at an average annual rate of +5.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, rising by 9.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 20% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 (-0.4%).

Heat Exchange Unit Imports

Imports in Australia and Oceania

In 2022, purchases abroad of heat exchange units was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 113%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, heat exchange unit imports skyrocketed to $X in 2022. In general, imports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2013 when imports increased by 99%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, accounting for X units, which was near 89% of total imports in 2022. It was distantly followed by New Zealand (X units), comprising an 8.4% share of total imports.

Australia was also the fastest-growing in terms of the heat exchange units imports, with a CAGR of -5.5% from 2012 to 2022. New Zealand (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia decreased by -1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported heat exchange units in Australia and Oceania, comprising 89% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at -3.2%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2014 when the import price increased by 42%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :