Australia and Oceania: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in Australia and Oceania

In 2021, approx. X units of residential, commercial and industrial lighting fixture were exported in Australia and Oceania; jumping by 38% on the year before. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 33%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Australia dominates fixture structure, reaching X units, which was near 87% of total exports in 2021. It was distantly followed by New Zealand (X units), mixing up an 8.6% share of total exports. Papua New Guinea (X units) and Fiji (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the residential, commercial and industrial lighting fixture exports, with a CAGR of +10.4% from 2012 to 2021. At the same time, Papua New Guinea (+4.5%) displayed positive paces of growth. By contrast, New Zealand (-10.8%) and Fiji (-14.2%) illustrated a downward trend over the same period. Australia (+36 p.p.) significantly strengthened its position in terms of the total exports, while Fiji and New Zealand saw its share reduced by -8.9% and -25.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest residential, commercial and industrial lighting fixture supplier in Australia and Oceania, comprising 83% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total exports. It was followed by Papua New Guinea, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +8.4%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-7.9% per year) and Papua New Guinea (+3.4% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, which is down by -11.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 12% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in Australia and Oceania

In 2021, approx. X units of residential, commercial and industrial lighting fixture were imported in Australia and Oceania; increasing by 52% compared with 2020 figures. Over the period under review, imports, however, recorded a slight shrinkage. Over the period under review, imports of hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.3% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the major importing country with an import of about X units, which accounted for 82% of total imports. It was distantly followed by New Zealand (X units), constituting a 15% share of total imports.

Imports into Australia decreased at an average annual rate of -2.2% from 2012 to 2021. At the same time, New Zealand (+1.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +1.8% from 2012-2021. While the share of New Zealand (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-4.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports.

In Australia, imports of residential, commercial and industrial lighting fixture expanded at an average annual rate of +4.2% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, jumping by 18% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for residential, commercial and industrial lighting fixture increased by +77.3% against 2017 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 33% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.5%).

Source: IndexBox Platform

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