Australia and Oceania: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Australia and Oceania

In 2022, after three years of growth, there was decline in the self-propelled boring machinery market in Australia and Oceania, when its value decreased by -2.9% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 9.5%. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

Self-Propelled Boring Machinery Production in Australia and Oceania

In value terms, self-propelled boring machinery production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Self-Propelled Boring Machinery Exports

Exports in Australia and Oceania

In 2022, after two years of decline, there was growth in shipments abroad of self-propelled boring or sinking machinery, when their volume increased by 4.1% to X units. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 211%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports rose to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 123%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, reaching X units, which was near 95% of total exports in 2022. New Zealand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to self-propelled boring machinery exports from Australia stood at -13.5%. New Zealand (-3.1%) illustrated a downward trend over the same period. New Zealand (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -3.1% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest self-propelled boring machinery supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total exports.

In Australia, self-propelled boring machinery exports plunged by an average annual rate of -9.2% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, saw a strong increase. The pace of growth was the most pronounced in 2017 when the export price increased by 127%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices 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 (+7.4%).

Self-Propelled Boring Machinery Imports

Imports in Australia and Oceania

In 2022, imports of self-propelled boring or sinking machinery in Australia and Oceania shrank significantly to X units, which is down by -20.4% compared with the year before. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 57% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery imports expanded significantly to $X in 2022. Overall, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 52%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Australia was the largest importer of self-propelled boring or sinking machinery in Australia and Oceania, with the volume of imports amounting to X units, which was near 62% of total imports in 2022. New Zealand (X units) ranks second in terms of the total imports with a 24% share, followed by New Caledonia (5%). The following importers - Solomon Islands (X units), Papua New Guinea (X units) and Marshall Islands (X units) - together made up 7.3% of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of self-propelled boring or sinking machinery. At the same time, Solomon Islands (+40.5%), Marshall Islands (+30.2%) and New Caledonia (+7.2%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +40.5% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. By contrast, New Zealand (-18.5%) illustrated a downward trend over the same period. Australia (+38 p.p.), New Caledonia (+4 p.p.), Solomon Islands (+3.2 p.p.) and Papua New Guinea (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -49.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported self-propelled boring or sinking machinery in Australia and Oceania, comprising 92% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 4.4% share of total imports. It was followed by New Caledonia, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -1.7%. In the other countries, the average annual rates were as follows: New Zealand (-6.3% per year) and New Caledonia (-4.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, picking up by 33% against the previous year. Import price indicated prominent 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, self-propelled boring machinery import price increased by +58.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 73%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Australia ($X per unit), while Solomon Islands ($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 (+15.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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