Australia and Oceania: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in Australia and Oceania

The pneumatic tyre retreading machinery market in Australia and Oceania reduced modestly to $X in 2022, leveling off at the previous year. Overall, consumption, however, recorded a resilient increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in Australia and Oceania

In value terms, pneumatic tyre retreading machinery production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2015 with an increase of 9.6% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports in Australia and Oceania

In 2022, the amount of machinery for moulding or retreading pneumatic tyres exported in Australia and Oceania surged to X units, growing by 27% against the year before. In general, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 548%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic tyre retreading machinery exports soared to $X in 2022. Overall, exports, however, continue to indicate a slight reduction. The growth pace was the most rapid in 2020 when exports increased by 391% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Australia (X units), together finishing at 99% of total export.

Australia was also the fastest-growing in terms of the machinery for moulding or retreading pneumatic tyres exports, with a CAGR of -13.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest pneumatic tyre retreading machinery supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -1.3%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, growing by 12% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth was the most pronounced in 2013 an increase of 413%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +13.7% per year.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in purchases abroad of machinery for moulding or retreading pneumatic tyres, when their volume decreased by -6.6% to X units. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 when imports increased by 402%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, pneumatic tyre retreading machinery imports skyrocketed to $X in 2022. In general, imports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 236%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia dominates imports structure, resulting at X units, which was approx. 85% of total imports in 2022. It was distantly followed by New Zealand (X units), achieving a 7.2% share of total imports. New Caledonia (X units) and Samoa (X units) took a little share of total imports.

Imports into Australia increased at an average annual rate of +16.9% from 2012 to 2022. At the same time, New Caledonia (+27.1%), Samoa (+18.9%) and New Zealand (+11.0%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +27.1% from 2012-2022. Australia (+20 p.p.) and New Caledonia (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -2.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), New Zealand ($X) and New Caledonia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 93% of total imports.

New Caledonia, with a CAGR of +32.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, increasing by 34% against the previous year. Overall, the import price, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2019 an increase of 41%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, 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 ($X per unit), while Samoa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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