Australia and Oceania: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Australia and Oceania

The meat-preparation industrial machinery market in Australia and Oceania surged to $X in 2022, jumping by 29% against the previous year. In general, consumption continues to indicate a tangible expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Meat-Preparation Industrial Machinery Production in Australia and Oceania

In value terms, meat-preparation industrial machinery production surged to $X in 2022 estimated in export price. Overall, production showed a prominent increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 387%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Meat-Preparation Industrial Machinery Exports

Exports in Australia and Oceania

In 2022, approx. X units of industrial machinery for the preparation of meat or poultry were exported in Australia and Oceania; shrinking by -43.5% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 63%. Over the period under review, the exports attained the maximum at X units in 2021, and then fell significantly in the following year.

In value terms, meat-preparation industrial machinery exports soared to $X in 2022. In general, exports, however, showed perceptible growth. The growth pace was the most rapid in 2017 when exports increased by 119%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia was the largest exporter of industrial machinery for the preparation of meat or poultry in Australia and Oceania, with the volume of exports accounting for X units, which was approx. 71% of total exports in 2022. It was distantly followed by New Zealand (X units), committing a 29% share of total exports.

Australia was also the fastest-growing in terms of the industrial machinery for the preparation of meat or poultry exports, with a CAGR of +1.5% from 2012 to 2022. New Zealand (-4.1%) illustrated a downward trend over the same period. Australia (+13 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -12.9% from 2012 to 2022, respectively.

In value terms, the largest meat-preparation industrial machinery supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

Among the main exporting countries, Australia, with a CAGR of +11.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, picking up by 131% against the previous year. Over the period under review, the export price continues to indicate a measured expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.0%).

Meat-Preparation Industrial Machinery Imports

Imports in Australia and Oceania

In 2022, the amount of industrial machinery for the preparation of meat or poultry imported in Australia and Oceania reached X units, increasing by 15% compared with the previous year's figure. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 70%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, meat-preparation industrial machinery imports amounted to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Australia represented the main importing country with an import of around X units, which reached 68% of total imports. It was distantly followed by New Zealand (X units), generating a 28% share of total imports. Fiji (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to meat-preparation industrial machinery imports into Australia stood at +4.3%. At the same time, Fiji (+34.0%) and New Zealand (+8.6%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +34.0% from 2012-2022. From 2012 to 2022, the share of New Zealand and Fiji increased by +7.6 and +1.6 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported industrial machinery for the preparation of meat or poultry in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports.

In Australia, meat-preparation industrial machinery imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-0.8% per year) and Fiji (+33.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, waning by -1.6% against the previous year. Overall, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 an increase of 15%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :