Australia and Oceania: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Australia and Oceania

The milling industry machinery market in Australia and Oceania fell significantly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a noticeable slump. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Milling Industry Machinery Production in Australia and Oceania

In value terms, milling industry machinery production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Milling Industry Machinery Exports

Exports in Australia and Oceania

Milling industry machinery exports dropped sharply to X units in 2022, declining by X% compared with the year before. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, milling industry machinery exports fell dramatically to $X in 2022. Over the period under review, exports faced a sharp contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the milling industry machinery exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The level of export peaked at $X per unit in 2012; however, from 2013 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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Milling Industry Machinery Imports

Imports in Australia and Oceania

In 2022, purchases abroad of milling industry machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, milling industry machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, accounting for X units, which was near X% of total imports in 2022. Fiji (X units) ranks second in terms of the total imports with a X% share, followed by Papua New Guinea (X%). New Zealand (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to milling industry machinery imports into Australia stood at X%. At the same time, Fiji (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Fiji and Papua New Guinea increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported milling industry machinery in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

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

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, waning by X% against the previous year. In general, the import price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat 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 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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