Australia and Oceania: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Australia and Oceania

The jacks and hoists market in Australia and Oceania stood at $X in 2022, rising by 11% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.6% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Jacks And Hoists Production in Australia and Oceania

In value terms, jacks and hoists production declined remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a deep contraction. The growth pace was the most rapid in 2021 when the production volume increased by 165%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Jacks And Hoists Exports

Exports in Australia and Oceania

In 2022, approx. X units of jacks and hoists for raising vehicles were exported in Australia and Oceania; shrinking by -68.9% on 2021. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 242% against the previous year. The volume of export peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, jacks and hoists exports soared to $X in 2022. Overall, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2017 when exports increased by 180%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, reaching X units, which was approx. 91% of total exports in 2022. It was distantly followed by New Zealand (X units), committing a 6.3% share of total exports. New Caledonia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to jacks and hoists exports from Australia stood at +7.8%. At the same time, New Zealand (+25.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +25.2% from 2012-2022. By contrast, New Caledonia (-17.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia and New Zealand increased by +20 and +5.2 percentage points, respectively.

In value terms, Australia ($X) remains the largest jacks and hoists supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 5.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +2.0%. In the other countries, the average annual rates were as follows: New Zealand (+13.6% per year) and New Caledonia (-13.6% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, rising by 270% against the previous year. Over the period under review, the export price, however, recorded a noticeable reduction. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Australia ($X per unit), while New Caledonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+5.1%), while the other leaders experienced a decline in the export price figures.

Jacks And Hoists Imports

Imports in Australia and Oceania

In 2022, purchases abroad of jacks and hoists for raising vehicles increased by 19% to X units, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, jacks and hoists imports rose remarkably to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.3% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia dominates imports structure, reaching X units, which was near 94% of total imports in 2022. It was distantly followed by New Zealand (X units), mixing up a 5.2% share of total imports.

Imports into Australia increased at an average annual rate of +3.1% from 2012 to 2022. At the same time, New Zealand (+6.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.1% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported jacks and hoists for raising vehicles in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was held by New Zealand ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +8.7%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, shrinking by -5% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jacks and hoists import price increased by +71.4% against 2016 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 27%. The level of import peaked at $X per unit in 2021, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, 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 (+5.4%).

Source: IndexBox Platform

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