Australia and Oceania: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Australia and Oceania

In 2022, after six years of growth, there was significant decline in the x-ray examination preparations market in Australia and Oceania, when its value decreased by -8.3% to $X. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.2% against 2015 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

X-Ray Examination Preparations Production in Australia and Oceania

In value terms, x-ray examination preparations production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 84%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

X-Ray Examination Preparations Exports

Exports in Australia and Oceania

In 2022, shipments abroad of opacifying preparations for x-ray examinations increased by 260% to X tons, rising for the second year in a row after three years of decline. In general, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations exports skyrocketed to $X in 2022. Overall, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Australia (X tons) represented the main exporter of opacifying preparations for x-ray examinations in Australia and Oceania, committing 99% of total export.

Australia was also the fastest-growing in terms of the opacifying preparations for x-ray examinations exports, with a CAGR of +16.8% from 2012 to 2022. While the share of Australia (+37 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest x-ray examination preparations supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +25.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, falling by -13.5% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the export price increased by 120% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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 +7.1% per year.

X-Ray Examination Preparations Imports

Imports in Australia and Oceania

X-ray examination preparations imports shrank to X tons in 2022, which is down by -10.2% on the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 19%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, x-ray examination preparations imports dropped slightly to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +78.5% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

Australia dominates imports structure, recording X tons, which was near 88% of total imports in 2022. It was distantly followed by New Zealand (X tons), mixing up a 9.9% share of total imports.

Australia was also the fastest-growing in terms of the opacifying preparations for x-ray examinations imports, with a CAGR of +1.6% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported opacifying preparations for x-ray examinations in Australia and Oceania, comprising 87% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports.

In Australia, x-ray examination preparations imports increased at an average annual rate of +4.9% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2014 when the import price increased by 25% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.9%).

Source: IndexBox Platform

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