Australia and Oceania: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Australia and Oceania

In 2021, the market for instruments for measuring electrical quantities in Australia and Oceania increased by 3.7% to $X, rising for the fifth year in a row after three years of decline. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Instruments for Measuring Electrical Quantities in Australia and Oceania

In value terms, instruments for measuring electrical quantities production shrank to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.8% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Instruments for Measuring Electrical Quantities

Exports in Australia and Oceania

In 2021, shipments abroad of instruments for measuring electrical quantities was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a pronounced downturn. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2021. Overall, exports continue to indicate a pronounced expansion. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, New Zealand (X units) represented the key exporter of instruments for measuring electrical quantities, committing 70% of total exports. It was distantly followed by Australia (X units), comprising a 27% share of total exports. French Polynesia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to instruments for measuring electrical quantities exports from New Zealand stood at -2.9%. At the same time, French Polynesia (+37.6%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +37.6% from 2012-2021. By contrast, Australia (-1.5%) illustrated a downward trend over the same period. While the share of French Polynesia (+2.1 p.p.) and Australia (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-3.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X), New Zealand ($X) and French Polynesia ($X) constituted the countries with the highest levels of exports in 2021, together comprising 99% of total exports.

French Polynesia, with a CAGR of +29.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, increasing by 13% against the previous year. Export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, instruments for measuring electrical quantities export price decreased by -16.7% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 114% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 New Zealand (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Instruments for Measuring Electrical Quantities

Imports in Australia and Oceania

In 2021, approx. X units of instruments for measuring electrical quantities were imported in Australia and Oceania; picking up by 13% compared with the year before. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 19%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2021. Over the period under review, imports showed a modest expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 18%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Australia (X units) represented the major importer of instruments for measuring electrical quantities, generating 60% of total imports. It was distantly followed by New Zealand (X units), making up a 31% share of total imports. New Caledonia (X units) and French Polynesia (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Australia (with a CAGR of +3.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Australia ($X) constitutes the largest market for imported instruments for measuring electrical quantities in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports. It was followed by New Caledonia, with a 0.7% share.

In Australia, instruments for measuring electrical quantities imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+3.5% per year) and New Caledonia (-3.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, picking up by 4.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 36% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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 New Caledonia (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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