Australia and Oceania: Machinery For Packing Market 2024

Machinery For Packing Market Size in Australia and Oceania

The machinery for packing market in Australia and Oceania declined to $X in 2022, dropping by -13.2% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Machinery For Packing Production in Australia and Oceania

In value terms, machinery for packing production amounted to $X in 2022 estimated in export price. In general, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 358,951%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Machinery For Packing Exports

Exports in Australia and Oceania

Machinery for packing exports surged to X units in 2022, growing by 16% compared with the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 37% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, machinery for packing exports surged to $X in 2022. Total exports indicated a perceptible expansion 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, exports increased by +107.2% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 43% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, New Zealand (X units) represented the key exporter of machinery for packing or wrapping, comprising 82% of total exports. It was distantly followed by Australia (X units), comprising a 17% share of total exports.

New Zealand was also the fastest-growing in terms of the machinery for packing or wrapping exports, with a CAGR of +3.3% from 2012 to 2022. Australia (-8.6%) illustrated a downward trend over the same period. While the share of New Zealand (+24 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-24.3 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest machinery for packing supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was taken by Australia ($X), with a 13% share of total exports.

In New Zealand, machinery for packing exports expanded at an average annual rate of +6.3% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, approximately equating the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machinery for packing export price decreased by -10.6% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 28% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.1%).

Machinery For Packing Imports

Imports in Australia and Oceania

In 2022, imports of machinery for packing or wrapping in Australia and Oceania contracted slightly to X units, stabilizing at 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, machinery for packing imports shrank to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 18%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the largest importer of machinery for packing or wrapping in Australia and Oceania, with the volume of imports reaching X units, which was approx. 79% of total imports in 2022. It was distantly followed by New Zealand (X units), creating a 15% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of machinery for packing or wrapping. At the same time, Papua New Guinea (+4.9%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.9% from 2012-2022. By contrast, New Zealand (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand decreased by -2.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported machinery for packing or wrapping in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports.

In Australia, machinery for packing imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-1.4% per year) and Papua New Guinea (+6.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, dropping by -12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The level of import peaked at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :