Australia and Oceania: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Australia and Oceania

In 2021, after three years of decline, there was significant growth in the finishing paper machinery market in Australia and Oceania, when its value increased by 111% to $X. Over the period under review, consumption, however, showed a noticeable setback. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Finishing Paper Machinery Production in Australia and Oceania

In value terms, finishing paper machinery production totaled $X in 2021 estimated in export price. In general, production enjoyed notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,704% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Finishing Paper Machinery Exports

Exports in Australia and Oceania

In 2021, overseas shipments of machinery for finishing paper or paperboard increased by 18% to X units, rising for the third consecutive year after two years of decline. Overall, exports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2020 with an increase of 390% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, finishing paper machinery exports soared to $X in 2021. Over the period under review, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 376% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand prevails in exports structure, recording X units, which was approx. 95% of total exports in 2021. It was distantly followed by Australia (X units), constituting a 5.2% share of total exports.

New Zealand was also the fastest-growing in terms of the machinery for finishing paper or paperboard exports, with a CAGR of +33.8% from 2012 to 2021. Australia (-30.0%) illustrated a downward trend over the same period. New Zealand (+90 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -89.7% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest finishing paper machinery supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was held by Australia ($X), with a 15% share of total exports.

In New Zealand, finishing paper machinery exports increased at an average annual rate of +33.1% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, increasing by 2.5% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 an increase of 82% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat 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 Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+10.2%).

Finishing Paper Machinery Imports

Imports in Australia and Oceania

In 2021, purchases abroad of machinery for finishing paper or paperboard was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 348%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, finishing paper machinery imports skyrocketed to $X in 2021. Over the period under review, imports posted a measured increase. The most prominent rate of growth was recorded in 2017 when imports increased by 488%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X units) and Papua New Guinea (X units) represented roughly 67% of total imports in 2021. New Zealand (X units) ranks next in terms of the total imports with an 18% share, followed by Fiji (14%).

From 2012 to 2021, the biggest increases were recorded for Papua New Guinea (with a CAGR of +64.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest finishing paper machinery importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and Papua New Guinea ($X), with a combined 98% share of total imports.

New Zealand, with a CAGR of +210.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, jumping by 89% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of 179% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Fiji ($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 (+13.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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