Australia and Oceania: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Australia and Oceania

In 2021, the mounting lifting equipment market in Australia and Oceania increased by 12% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, consumption posted strong growth. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Mounting Lifting Equipment Production in Australia and Oceania

In value terms, mounting lifting equipment production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 150%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Mounting Lifting Equipment Exports

Exports in Australia and Oceania

Mounting lifting equipment exports soared to X units in 2021, picking up by 91% compared with 2020 figures. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 135% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, mounting lifting equipment exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a deep slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, finishing at X units, which was approx. 97% of total exports in 2021. New Zealand (X units) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of exports of lifting equipment designed for mounting on road vehicles. New Zealand (-34.2%) illustrated a downward trend over the same period. Australia (+57 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -56.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest mounting lifting equipment supplier in Australia and Oceania, comprising 90% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total exports.

In Australia, mounting lifting equipment exports shrank by an average annual rate of -3.5% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, falling by -13.2% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 59% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+1.2%).

Mounting Lifting Equipment Imports

Imports in Australia and Oceania

In 2021, overseas purchases of lifting equipment designed for mounting on road vehicles were finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, mounting lifting equipment imports skyrocketed to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, 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

In 2021, Australia (X units) represented the largest importer of lifting equipment designed for mounting on road vehicles, comprising 82% of total imports. It was distantly followed by New Zealand (X units), constituting a 14% share of total imports. New Caledonia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to mounting lifting equipment imports into Australia stood at -2.0%. At the same time, New Zealand (+8.1%) and New Caledonia (+2.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.1% from 2012-2021. New Zealand (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported lifting equipment designed for mounting on road vehicles in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was held by New Zealand ($X), with a 25% share of total imports.

In Australia, mounting lifting equipment imports increased at an average annual rate of +1.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+9.3% per year) and New Caledonia (+0.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, declining by -2.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2013 when the import price increased by 15%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia ($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 (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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