Australia and Oceania: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Australia and Oceania

The mechanical shovel and excavator market in Australia and Oceania reduced dramatically to $X in 2021, with a decrease of -57.9% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Australia and Oceania

In value terms, mechanical shovel and excavator production shrank to $X in 2021 estimated in export price. Overall, production, however, showed a sharp contraction. The growth pace was the most rapid in 2013 when the production volume increased by 315%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in Australia and Oceania

In 2021, overseas shipments of mechanical shovels, excavators and shovel loaders increased by 339% to X units, rising for the second year in a row after two years of decline. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 590%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports declined sharply to $X in 2021. Total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 68%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, recording X units, which was near 96% of total exports in 2021. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the mechanical shovels, excavators and shovel loaders exports, with a CAGR of +19.7% from 2012 to 2021. At the same time, New Zealand (+3.1%) displayed positive paces of growth. From 2012 to 2021, the share of Australia increased by +9 percentage points.

In value terms, Australia ($X) remains the largest mechanical shovel and excavator supplier in Australia and Oceania, comprising 73% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 22% share of total exports.

In Australia, mechanical shovel and excavator exports increased at an average annual rate of +3.3% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, waning by -84.6% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 599%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 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 (-1.1%).

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in Australia and Oceania

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were imported in Australia and Oceania; with a decrease of -49.9% compared with the previous year's figure. Over the period under review, imports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 207% against the previous year. As a result, imports reached the peak of X units, and then dropped sharply in the following year.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2021. In general, imports showed a mild reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X units) was the largest importer of mechanical shovels, excavators and shovel loaders, comprising 74% of total imports. It was distantly followed by New Zealand (X units), constituting a 20% share of total imports. The following importers - Papua New Guinea (X units) and New Caledonia (X units) - each reached a 3.7% share of total imports.

Imports into Australia increased at an average annual rate of +3.9% from 2012 to 2021. At the same time, New Zealand (+10.9%) and New Caledonia (+6.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.9% from 2012-2021. By contrast, Papua New Guinea (-2.1%) illustrated a downward trend over the same period. New Zealand (+7.8 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and Australia saw its share reduced by -1.7% and -6.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported mechanical shovels, excavators and shovel loaders in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total imports. It was followed by Papua New Guinea, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -2.7%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+7.3% per year) and Papua New Guinea (-1.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, jumping by 216% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The level of import peaked at $X per unit in 2012; however, from 2013 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 Papua New Guinea ($X per unit), while New Caledonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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