Australia and Oceania: Measuring Instrument Market 2022

Measuring Instrument Exports

Exports in Australia and Oceania

Measuring instrument exports soared to X units in 2021, increasing by 16% on the previous year's figure. Total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.2% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, measuring instrument exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 41%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X units) was the major exporter of instruments and apparatus for measuring or checking the flow or level of liquids, mixing up 85% of total exports. It was distantly followed by New Zealand (X units), achieving a 15% share of total exports.

Exports from Australia increased at an average annual rate of +2.2% from 2012 to 2021. At the same time, New Zealand (+2.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +2.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest measuring instrument supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.7% share of total exports.

In Australia, measuring instrument exports expanded at an average annual rate of +2.0% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 50%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.8%).

Measuring Instrument Imports

Imports in Australia and Oceania

In 2021, overseas purchases of instruments and apparatus for measuring or checking the flow or level of liquids decreased by -6.5% to X units, falling for the third year in a row after two years of growth. In general, imports recorded a noticeable descent. The pace of growth was the most pronounced in 2017 when imports increased by 31% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, measuring instrument imports soared to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the key importer of instruments and apparatus for measuring or checking the flow or level of liquids in Australia and Oceania, with the volume of imports accounting for X units, which was approx. 63% of total imports in 2021. It was distantly followed by New Zealand (X units), creating a 31% share of total imports. The following importers - French Polynesia (X units) and New Caledonia (X units) - each amounted to a 4.1% share of total imports.

Imports into Australia decreased at an average annual rate of -3.0% from 2012 to 2021. At the same time, French Polynesia (+13.2%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +13.2% from 2012-2021. New Zealand experienced a relatively flat trend pattern. By contrast, New Caledonia (-6.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand and French Polynesia increased by +5 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports. It was followed by New Caledonia, with a 0.9% share.

In Australia, measuring instrument imports expanded at an average annual rate of +5.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.7% per year) and New Caledonia (+0.1% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, rising by 49% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, measuring instrument import price increased by +58.3% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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