Australia and Oceania: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Australia and Oceania

The fruit-preparation industrial machinery market in Australia and Oceania skyrocketed to $X in 2021, growing by 42% against the previous year. In general, consumption recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fruit-Preparation Industrial Machinery Production in Australia and Oceania

In value terms, fruit-preparation industrial machinery production soared to $X in 2021 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 201%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports in Australia and Oceania

In 2021, the amount of industrial machinery for the preparation of fruits, nuts or vegetables exported in Australia and Oceania skyrocketed to X units, growing by 45% compared with the previous year's figure. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 136% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, fruit-preparation industrial machinery exports shrank slightly to $X in 2021. In general, exports saw a notable expansion. The pace of growth appeared the most rapid in 2014 with an increase of 134%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Australia was the major exporter of industrial machinery for the preparation of fruits, nuts or vegetables in Australia and Oceania, with the volume of exports resulting at X units, which was near 82% of total exports in 2021. It was distantly followed by New Zealand (X units), generating an 18% share of total exports.

Australia was also the fastest-growing in terms of the industrial machinery for the preparation of fruits, nuts or vegetables exports, with a CAGR of +22.8% from 2012 to 2021. New Zealand (-5.6%) illustrated a downward trend over the same period. While the share of Australia (+52 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-51.8 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest fruit-preparation industrial machinery supplier in Australia and Oceania, comprising 66% of total exports. The second position in the ranking was taken by Australia ($X), with a 32% share of total exports.

In New Zealand, fruit-preparation industrial machinery exports increased at an average annual rate of +1.4% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, dropping by -31.2% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 99%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+7.5%).

Fruit-Preparation Industrial Machinery Imports

Imports in Australia and Oceania

In 2021, imports of industrial machinery for the preparation of fruits, nuts or vegetables in Australia and Oceania dropped dramatically to X units, reducing by -34.3% compared with the previous year. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 559%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, fruit-preparation industrial machinery imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Australia (X units) represented the key importer of industrial machinery for the preparation of fruits, nuts or vegetables, making up 62% of total imports. New Zealand (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Solomon Islands (5.5%). Tonga (X units), Papua New Guinea (X units) and Fiji (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to fruit-preparation industrial machinery imports into Australia stood at -1.6%. At the same time, Tonga (+18.8%) and Papua New Guinea (+6.0%) displayed positive paces of growth. Moreover, Tonga emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +18.8% from 2012-2021. By contrast, Solomon Islands (-5.9%), New Zealand (-11.2%) and Fiji (-15.7%) illustrated a downward trend over the same period. Australia (+19 p.p.), Tonga (+2.5 p.p.) and Papua New Guinea (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Fiji and New Zealand saw its share reduced by -3% and -17.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported industrial machinery for the preparation of fruits, nuts or vegetables in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports. It was followed by Papua New Guinea, with a 1.7% share.

In Australia, fruit-preparation industrial machinery imports increased at an average annual rate of +1.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+1.4% per year) and Papua New Guinea (+11.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, with an increase of 110% against the previous year. Over the period under review, the import price saw a prominent expansion. The growth pace was the most rapid in 2017 when the import price increased by 968%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while Solomon Islands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Solomon Islands (+16.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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