Australia and Oceania: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Australia and Oceania

In 2022, the sugar-manufacturing industrial machinery market in Australia and Oceania increased by 3.3% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption recorded a prominent expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Australia and Oceania

In value terms, sugar-manufacturing industrial machinery production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 24% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Australia and Oceania

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of sugar decreased by -32.2% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 11,591%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports contracted sharply to $X in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 571%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of industrial machinery for the manufacture or preparation of sugar, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of -15.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest sugar-manufacturing industrial machinery supplier in Australia and Oceania.

In Australia, sugar-manufacturing industrial machinery exports declined by an average annual rate of -10.8% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, increasing by 8% against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 991% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +5.2% per year.

Sugar-Manufacturing Industrial Machinery Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was decline in purchases abroad of industrial machinery for the manufacture or preparation of sugar, when their volume decreased by -1.2% to X units. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 278%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery imports reduced slightly to $X in 2022. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 361%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Australia was the largest importing country with an import of about X units, which accounted for 68% of total imports. French Polynesia (X units) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Papua New Guinea (8.2%). New Zealand (X units) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, French Polynesia (+18.4%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +18.4% from 2012-2022. By contrast, Papua New Guinea (-22.9%) and New Zealand (-29.9%) illustrated a downward trend over the same period. While the share of Australia (+53 p.p.) and French Polynesia (+18 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Papua New Guinea (-25.5 p.p.) and New Zealand (-42.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was held by French Polynesia ($X), with a 19% share of total imports. It was followed by Papua New Guinea, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +5.0%. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (+27.4% per year) and Papua New Guinea (-15.7% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, approximately mirroring the previous year. In general, the import price continues to indicate a measured increase. The most prominent rate of growth was recorded in 2014 when the import price increased by 300%. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Australia ($X per unit), while New Zealand ($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 (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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