Australia and Oceania: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Australia and Oceania

After three years of growth, the fats preparation machinery market in Australia and Oceania decreased by -51.9% to $X in 2022. Over the period under review, consumption, however, enjoyed prominent growth. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Fats Preparation Machinery Production in Australia and Oceania

In value terms, fats preparation machinery production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 47% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fats Preparation Machinery Exports

Exports in Australia and Oceania

In 2022, overseas shipments of machinery for the extraction or preparation of animal or fixed vegetable fats or oils decreased by -66.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 832% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fats preparation machinery exports contracted sharply to $X in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 792% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, finishing at X units, which was approx. 95% of total exports in 2022. It was distantly followed by New Zealand (X units), creating a 4.5% share of total exports.

Australia was also the fastest-growing in terms of the machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports, with a CAGR of +5.5% from 2012 to 2022. New Zealand (-11.2%) illustrated a downward trend over the same period. While the share of Australia (+18 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-16 p.p.) displayed negative dynamics.

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2022.

New Zealand, with a CAGR of -10.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, with an increase of 35% against the previous year. In general, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2013 when the export price increased by 302%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.4%).

Fats Preparation Machinery Imports

Imports in Australia and Oceania

In 2022, overseas purchases of machinery for the extraction or preparation of animal or fixed vegetable fats or oils decreased by -19.9% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a perceptible increase. The growth pace was the most rapid in 2016 when imports increased by 210%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, fats preparation machinery imports surged to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +119.7% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 60%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Papua New Guinea (X units) was the largest importer of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, achieving 56% of total imports. Australia (X units) held the second position in the ranking, distantly followed by New Zealand (X units). All these countries together took approx. 39% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fats preparation machinery importing markets in Australia and Oceania were Australia ($X), Papua New Guinea ($X) and New Zealand ($X), together accounting for 99% of total imports.

New Zealand, with a CAGR of +26.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, growing by 65% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The growth pace was the most rapid in 2017 an increase of 183%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 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 Australia ($X per unit), while New Zealand ($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 Zealand (+15.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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