Australia and Oceania: Sealed Beam Market 2024

Sealed Beam Market Size in Australia and Oceania

The sealed beam market in Australia and Oceania reached $X in 2022, rising by 7.4% against the previous year. Over the period under review, consumption, however, saw a abrupt decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Sealed Beam Production in Australia and Oceania

In value terms, sealed beam production rose remarkably to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 132% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Sealed Beam Exports

Exports in Australia and Oceania

In 2022, shipments abroad of sealed beam lamp units increased by 74% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a deep reduction. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sealed beam exports soared to $X in 2022. Over the period under review, exports continue to indicate noticeable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia prevails in exports structure, accounting for X units, which was near 97% 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 sealed beam lamp units exports, with a CAGR of -7.4% from 2012 to 2022. New Zealand (-23.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +14 percentage points.

In value terms, Australia ($X) remains the largest sealed beam supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +5.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, surging by 108% against the previous year. Over the period under review, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 202%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, 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 (+26.8%).

Sealed Beam Imports

Imports in Australia and Oceania

In 2022, purchases abroad of sealed beam lamp units increased by 15% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a deep reduction. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sealed beam imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a pronounced setback. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X units) and Australia (X units) prevails in imports structure, together creating 94% of total imports. Tonga (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of -5.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, New Zealand ($X), Australia ($X) and Tonga ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 90% of total imports.

In terms of the main importing countries, New Zealand, with a CAGR of +1.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sealed beam import price increased by +108.1% against 2012 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by 18%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Tonga ($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 (+15.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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