Australia and Oceania: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Australia and Oceania

The market for wiring sets used in vehicles, aircraft or ships in Australia and Oceania stood at $X in 2022, approximately reflecting the previous year. Overall, consumption saw a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Australia and Oceania

In value terms, production of wiring sets used in vehicles, aircraft or ships surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 2,402% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports in Australia and Oceania

In 2022, the amount of wiring sets used in vehicles, aircraft or ships exported in Australia and Oceania expanded to X tons, growing by 1.5% on 2021. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.7% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 27%. Over the period under review, the exports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships reached $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value 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, exports increased by +37.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Australia was the major exporting country with an export of about X tons, which reached 70% of total exports. It was distantly followed by New Zealand (X tons), creating a 30% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of wiring sets used in vehicles, aircraft or ships. At the same time, New Zealand (+12.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +12.3% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +17 percentage points.

In value terms, Australia ($X) remains the largest wiring sets used in vehicles, aircraft or ships supplier in Australia and Oceania, comprising 70% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +1.2%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by 8.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by 30% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably 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 Australia (+0.6%).

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in Australia and Oceania

In 2022, imports of wiring sets used in vehicles, aircraft or ships in Australia and Oceania shrank slightly to X tons, approximately equating 2021. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of wiring sets used in vehicles, aircraft or ships expanded modestly to $X in 2022. Overall, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Australia was the key importing country with an import of about X tons, which reached 86% of total imports. It was distantly followed by New Zealand (X tons), creating a 13% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wiring sets used in vehicles, aircraft or ships imports into Australia stood at -12.8%. At the same time, New Zealand (+3.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.4% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +10 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported wiring sets used in vehicles, aircraft or ships in Australia and Oceania, comprising 87% of total imports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total imports.

In Australia, imports of wiring sets used in vehicles, aircraft or ships shrank by an average annual rate of -4.5% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 3% against the previous year. Over the period under review, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when the import price increased by 40%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :