Australia and Oceania: Inductor Market 2024

Inductor Market Size in Australia and Oceania

The inductor market in Australia and Oceania rose significantly to $X in 2022, growing by 14% against the previous year. In general, consumption saw a significant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Inductor Production in Australia and Oceania

In value terms, inductor production reduced to $X in 2022 estimated in export price. In general, production, however, showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 556%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Inductor Exports

Exports in Australia and Oceania

In 2022, overseas shipments of inductors were finally on the rise to reach X units after four years of decline. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 138%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, inductor exports skyrocketed to $X in 2022. In general, exports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of 118%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Australia dominates exports structure, amounting to X units, which was approx. 91% of total exports in 2022. It was distantly followed by New Zealand (X units), comprising an 8.7% share of total exports.

Australia was also the fastest-growing in terms of the inductors exports, with a CAGR of -2.3% from 2012 to 2022. New Zealand (-16.8%) illustrated a downward trend over the same period. Australia (+24 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -23.2% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest inductor supplier in Australia and Oceania, comprising 77% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +5.4%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, growing by 14% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2015 when the export price increased by 50% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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 Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+16.4%).

Inductor Imports

Imports in Australia and Oceania

In 2022, purchases abroad of inductors increased by 35% to X units, rising for the third consecutive year after two years of decline. Total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +87.8% against 2019 indices. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, inductor imports declined to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

Australia represented the main importing country with an import of around X units, which recorded 72% of total imports. It was distantly followed by New Zealand (X units), achieving a 25% share of total imports. Fiji (X units) took a little share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of inductors. At the same time, New Zealand (+6.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.4% from 2012-2022. Fiji experienced a relatively flat trend pattern. While the share of New Zealand (+9.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-7.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported inductors in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+3.9% per year) and Fiji (-2.6% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, shrinking by -30.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 39% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Fiji ($X per unit), while Australia ($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 (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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