Australia and Oceania: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Australia and Oceania

The self-propelled excavating machinery market in Australia and Oceania skyrocketed to $X in 2021, jumping by 208% against the previous year. In general, consumption continues to indicate prominent growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Self-Propelled Excavating Machinery Production in Australia and Oceania

In value terms, self-propelled excavating machinery production rose notably to $X in 2021 estimated in export price. Over the period under review, production posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 461,721%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in Australia and Oceania

In 2021, overseas shipments of self-propelled earth moving, excavating machinery decreased by -76.3% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 when exports increased by 10,499% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports soared to $X in 2021. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by 58% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, reaching X units, which was approx. 98% of total exports in 2021. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the self-propelled earth moving, excavating machinery exports, with a CAGR of +8.2% from 2012 to 2021. New Zealand (-20.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +23 percentage points.

In value terms, Australia ($X) remains the largest self-propelled excavating machinery supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -14.5%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, jumping by 388% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by 630%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+42.4%).

Self-Propelled Excavating Machinery Imports

Imports in Australia and Oceania

In 2021, imports of self-propelled earth moving, excavating machinery in Australia and Oceania soared to X units, rising by 73% compared with 2020. Over the period under review, imports recorded a temperate expansion. The growth pace was the most rapid in 2019 when imports increased by 128%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of 122% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Australia represented the largest importing country with an import of about X units, which accounted for 78% of total imports. It was distantly followed by New Zealand (X units) and New Caledonia (X units), together generating an 18% share of total imports. Papua New Guinea (X units) held a little share of total imports.

Imports into Australia increased at an average annual rate of +1.3% from 2012 to 2021. At the same time, New Caledonia (+39.7%), New Zealand (+12.7%) and Papua New Guinea (+11.5%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +39.7% from 2012-2021. While the share of New Zealand (+7.3 p.p.) and New Caledonia (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-12.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest self-propelled excavating machinery importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), together accounting for 93% of total imports. These countries were followed by New Caledonia, which accounted for a further 4.1%.

Among the main importing countries, New Caledonia, with a CAGR of +49.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, waning by -24.5% against the previous year. In general, the import price saw a drastic downturn. The growth pace was the most rapid in 2018 an increase of 42% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Papua New Guinea ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+7.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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