Australia and Oceania: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Australia and Oceania

After two years of growth, the industrial bakery machinery market in Australia and Oceania decreased by -7% to $X in 2022. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +46.0% against 2019 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Industrial Bakery Machinery Production in Australia and Oceania

In value terms, industrial bakery machinery production totaled $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Industrial Bakery Machinery Exports

Exports in Australia and Oceania

In 2022, shipments abroad of industrial bakery machinery increased by 222% to X units, rising for the second consecutive year after four years of decline. In general, exports, however, recorded a abrupt contraction. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial bakery machinery exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, recording X units, which was near 93% of total exports in 2022. It was distantly followed by New Zealand (X units), constituting a 6.5% share of total exports.

Australia was also the fastest-growing in terms of the industrial bakery machinery exports, with a CAGR of -5.0% from 2012 to 2022. New Zealand (-25.4%) illustrated a downward trend over the same period. While the share of Australia (+37 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-37.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) emerged as the largest industrial bakery machinery supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was held by New Zealand ($X), with a 6.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -7.7%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, growing by 25% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 49% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.9%).

Industrial Bakery Machinery Imports

Imports in Australia and Oceania

After three years of growth, supplies from abroad of industrial bakery machinery decreased by -0.9% to X units in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +46.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, industrial bakery machinery imports reduced slightly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +52.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 39%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

Australia prevails in imports structure, finishing at X units, which was approx. 83% of total imports in 2022. It was distantly followed by New Zealand (X units), mixing up an 8.7% share of total imports. The following importers - New Caledonia (X units), French Polynesia (X units), Fiji (X units) and Papua New Guinea (X units) - each resulted at an 8.2% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to industrial bakery machinery imports into Australia stood at +3.4%. At the same time, Fiji (+46.6%), New Caledonia (+9.6%), Papua New Guinea (+7.5%), French Polynesia (+5.4%) and New Zealand (+1.4%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +46.6% from 2012-2022. From 2012 to 2022, the share of Fiji increased by +1.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported industrial bakery machinery in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total imports. It was followed by New Caledonia, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +4.7%. In the other countries, the average annual rates were as follows: New Zealand (+5.5% per year) and New Caledonia (+8.2% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 when the import price increased by 27%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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