Australia and Oceania: Test And Measurement Market 2024

Test And Measurement Market Size in Australia and Oceania

The test and measurement market in Australia and Oceania surged to $X in 2021, jumping by 26% against the previous year. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Test And Measurement Production in Australia and Oceania

In value terms, test and measurement production surged to $X in 2021 estimated in export price. In general, production posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Test And Measurement Exports

Exports in Australia and Oceania

In 2021, after four years of growth, there was significant decline in shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses, when their volume decreased by -58.6% to X units. Over the period under review, exports saw a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 132%. As a result, the exports attained the peak of X units, and then dropped sharply in the following year.

In value terms, test and measurement exports declined notably to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 79%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Australia (X units) and New Zealand (X units), together resulting at 99% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by New Zealand (with a CAGR of +21.1%).

In value terms, Australia ($X) remains the largest test and measurement supplier in Australia and Oceania, comprising 72% of total exports. The second position in the ranking was held by New Zealand ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -1.9%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, picking up by 67% against the previous year. Overall, the export price saw a slight increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 67%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.7%).

Test And Measurement Imports

Imports in Australia and Oceania

In 2021, approx. X units of instruments and apparatus for measuring or checking pressure of liquids or gasses were imported in Australia and Oceania; rising by 13% against the year before. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 17%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, test and measurement imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia dominates imports structure, reaching X units, which was near 93% of total imports in 2021. It was distantly followed by New Zealand (X units), constituting a 6% share of total imports.

Australia was also the fastest-growing in terms of the instruments and apparatus for measuring or checking pressure of liquids or gasses imports, with a CAGR of +3.4% from 2012 to 2021. At the same time, New Zealand (+3.3%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking pressure of liquids or gasses in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports.

In Australia, test and measurement imports increased at an average annual rate of +2.9% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, surging by 8.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.0%).

Source: IndexBox Platform

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