Australia and Oceania: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Australia and Oceania

The ride-on compaction equipment market in Australia and Oceania soared to $X in 2022, jumping by 77% against the previous year. In general, consumption showed significant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ride-On Compaction Equipment Production in Australia and Oceania

In value terms, ride-on compaction equipment production soared to $X in 2022 estimated in export price. Overall, production posted a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 7,303%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports in Australia and Oceania

In 2022, shipments abroad of ride-on compaction equipment decreased by -37.3% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, showed a notable increase. The growth pace was the most rapid in 2014 with an increase of 307% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports declined to $X in 2022. Overall, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2014 with an increase of 129% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Australia represented the largest exporter of ride-on compaction equipment in Australia and Oceania, with the volume of exports amounting to X units, which was approx. 76% of total exports in 2022. It was distantly followed by New Zealand (X units), comprising a 21% share of total exports.

Australia was also the fastest-growing in terms of the ride-on compaction equipment exports, with a CAGR of +3.8% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. While the share of Australia (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-7.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest ride-on compaction equipment supplier in Australia and Oceania, comprising 79% of total exports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +6.1%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, jumping by 46% against the previous year. Overall, the export price continues to indicate a mild increase. The growth pace was the most rapid in 2021 when the export price increased by 118% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.2%).

Ride-On Compaction Equipment Imports

Imports in Australia and Oceania

In 2022, approx. X units of ride-on compaction equipment were imported in Australia and Oceania; rising by 29% against the previous year's figure. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 103% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, ride-on compaction equipment imports surged to $X in 2022. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 128% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Australia (X units) represented the main importer of ride-on compaction equipment, achieving 80% of total imports. It was distantly followed by New Zealand (X units), creating a 13% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the ride-on compaction equipment imports, with a CAGR of +13.3% from 2012 to 2022. At the same time, New Zealand (+8.8%) displayed positive paces of growth. By contrast, Papua New Guinea (-4.3%) illustrated a downward trend over the same period. While the share of Australia (+20 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-1.7 p.p.) and Papua New Guinea (-6.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported ride-on compaction equipment in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +10.7%. In the other countries, the average annual rates were as follows: New Zealand (+12.4% per year) and Papua New Guinea (-7.7% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, picking up by 12% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 16% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($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 (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :