Australia and Oceania: Tamping Machinery Market 2024

Tamping Machinery Market Size in Australia and Oceania

The tamping machinery market in Australia and Oceania surged to $X in 2021, jumping by 66% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +96.6% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tamping Machinery Production in Australia and Oceania

In value terms, tamping machinery production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 5,795%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Tamping Machinery Exports

Exports in Australia and Oceania

In 2021, shipments abroad of tamping or compacting machinery was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 144% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, tamping machinery exports rose sharply to $X in 2021. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 155%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) and Australia (X units) prevails in exports structure, together creating 97% of total exports. Fiji (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +4.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

Fiji, with a CAGR of +4.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, waning by -37.5% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2019 an increase of 198%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand ($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 (+0.1%), while the other leaders experienced a decline in the export price figures.

Tamping Machinery Imports

Imports in Australia and Oceania

In 2021, tamping machinery imports in Australia and Oceania soared to X units, increasing by 63% on the previous year's figure. In general, imports saw a tangible expansion. The growth pace was the most rapid in 2018 when imports increased by 66%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, tamping machinery imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a mild contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia represented the key importing country with an import of around X units, which resulted at 64% of total imports. It was distantly followed by New Zealand (X units), committing a 29% share of total imports. Papua New Guinea (X units) and New Caledonia (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to tamping machinery imports into Australia stood at +7.1%. At the same time, New Zealand (+12.6%) and New Caledonia (+11.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.6% from 2012-2021. By contrast, Papua New Guinea (-21.1%) illustrated a downward trend over the same period. Australia (+15 p.p.) and New Zealand (+15 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea saw its share reduced by -31.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tamping machinery importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and New Caledonia ($X), together comprising 96% of total imports.

New Zealand, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 2021, growing by 6.8% against the previous year. In general, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 58%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($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 Zealand (-3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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