Australia and Oceania: Hydraulic Press Market 2024

Hydraulic Press Market Size in Australia and Oceania

The hydraulic press market in Australia and Oceania shrank to $X in 2022, reducing by -10.2% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.6% against 2018 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Hydraulic Press Production in Australia and Oceania

In value terms, hydraulic press production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 551%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Hydraulic Press Exports

Exports in Australia and Oceania

In 2022, approx. X units of hydraulic presses for working metal were exported in Australia and Oceania; shrinking by -23% on 2021. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 475% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, hydraulic press exports dropped sharply to $X in 2022. In general, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 2,479%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia was the main exporting country with an export of around X units, which reached 65% of total exports. It was distantly followed by New Zealand (X units) and French Polynesia (X units), together comprising a 35% share of total exports.

Australia was also the fastest-growing in terms of the hydraulic presses for working metal exports, with a CAGR of +17.4% from 2012 to 2022. At the same time, New Zealand (+10.9%) displayed positive paces of growth. French Polynesia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Australia and French Polynesia increased by +9.1 and +5.5 percentage points, respectively.

In value terms, the largest hydraulic press supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and French Polynesia ($X), together accounting for 100% of total exports.

New Zealand, with a CAGR of +12.9%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, waning by -15.8% against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 349%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

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 New Zealand ($X per unit), while French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.8%).

Hydraulic Press Imports

Imports in Australia and Oceania

In 2022, imports of hydraulic presses for working metal in Australia and Oceania fell remarkably to X units, dropping by -16.8% against the previous year's figure. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. As a result, imports reached the peak of X units, and then fell significantly in the following year.

In value terms, hydraulic press imports reduced sharply to $X in 2022. In general, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2016 when imports increased by 220%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, finishing at X units, which was approx. 97% of total imports in 2022. New Zealand (X units) took a little share of total imports.

Australia was also the fastest-growing in terms of the hydraulic presses for working metal imports, with a CAGR of +11.5% from 2012 to 2022. New Zealand (-4.0%) illustrated a downward trend over the same period. Australia (+7.8 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -6.7% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported hydraulic presses for working metal in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 8.5% share of total imports.

In Australia, hydraulic press imports expanded at an average annual rate of +3.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, approximately equating the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 127% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 (-4.8%).

Source: IndexBox Platform

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