Australia and Oceania: Transmission Shaft Market 2024

Transmission Shaft Exports

Exports in Australia and Oceania

In 2022, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exported in Australia and Oceania shrank modestly to X tons, dropping by -4.1% on 2021 figures. In general, exports saw a pronounced slump. The pace of growth appeared the most rapid in 2013 when exports increased by 39%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, transmission shaft exports rose modestly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X tons) was the major exporter of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, achieving 81% of total exports. It was distantly followed by New Zealand (X tons), comprising a 17% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to transmission shaft exports from Australia stood at -3.8%. New Zealand (-2.4%) illustrated a downward trend over the same period. New Zealand (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -2.8% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest transmission shaft supplier in Australia and Oceania, comprising 77% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by 6.2% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, transmission shaft export price increased by +64.2% against 2013 indices. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.2%).

Transmission Shaft Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 10% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, transmission shaft imports expanded markedly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia represented the largest importing country with an import of about X tons, which accounted for 81% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 13% share of total imports. Papua New Guinea (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to transmission shaft imports into Australia stood at -2.0%. At the same time, Papua New Guinea (+8.8%) and New Zealand (+6.6%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.8% from 2012-2022. From 2012 to 2022, the share of New Zealand and Papua New Guinea increased by +6.9 and +2.4 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (+5.4% per year) and Papua New Guinea (+7.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, declining by -3.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 an increase of 13%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then shrank slightly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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