Australia and Oceania: Market for Hydraulic Cylinders And Systems 2024

Exports of Hydraulic Cylinders And Systems

Exports in Australia and Oceania

In 2022, approx. X units of hydraulic cylinders and systems were exported in Australia and Oceania; increasing by 23% against 2021 figures. In general, exports saw a moderate expansion. The growth pace was the most rapid in 2019 with an increase of 33% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic cylinder and system exports soared to $X in 2022. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Australia represented the main exporting country with an export of about X units, which resulted at 59% of total exports. It was distantly followed by New Zealand (X units), making up a 38% share of total exports. Papua New Guinea (X units) followed a long way behind the leaders.

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 +35.8%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest hydraulic cylinder and system supplying countries in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), with a combined 100% share of total exports.

New Zealand, with a CAGR of +32.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, growing by 7.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hydraulic Cylinders And Systems

Imports in Australia and Oceania

In 2022, supplies from abroad of hydraulic cylinders and systems was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, 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.

In value terms, hydraulic cylinder and system imports surged to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 31% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Australia dominates imports structure, accounting for X units, which was approx. 88% of total imports in 2022. It was distantly followed by New Zealand (X units), creating a 9.2% share of total imports. Papua New Guinea (X units) held a little share of total imports.

Imports into Australia increased at an average annual rate of +1.9% from 2012 to 2022. At the same time, New Zealand (+11.3%) and Papua New Guinea (+8.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +11.3% from 2012-2022. While the share of New Zealand (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-6.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported hydraulic cylinders and systems in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +4.0%. In the other countries, the average annual rates were as follows: New Zealand (+11.7% per year) and Papua New Guinea (+6.1% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, shrinking by -21.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2014 an increase of 28%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then declined notably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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