Australia: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Australia

In 2022, after two years of growth, there was significant decline in the Australian construction equipment blade market, when its value decreased by -29.6% to $X. Over the period under review, consumption, however, continues to indicate a strong expansion. Construction equipment blade consumption peaked at $X in 2021, and then shrank remarkably in the following year.

Construction Equipment Blade Exports

Exports from Australia

In 2022, after two years of decline, there was significant growth in shipments abroad of blades for construction equipment, when their volume increased by 87% to X units. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 87%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, construction equipment blade exports surged to $X in 2022. Over the period under review, exports, however, saw a noticeable shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Caledonia (X units), Papua New Guinea (X units) and New Zealand (X units) were the main destinations of construction equipment blade exports from Australia, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for New Caledonia (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for construction equipment blade exported from Australia were New Caledonia ($X), Papua New Guinea ($X) and New Zealand ($X), together accounting for 93% of total exports.

New Zealand, with a CAGR of +16.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average construction equipment blade export price amounted to $X per unit, with a decrease of -21% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 44% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to New Caledonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.4%), while the prices for the other major destinations experienced a decline.

Construction Equipment Blade Imports

Imports into Australia

For the third consecutive year, Australia recorded growth in purchases abroad of blades for construction equipment, which increased by 21% to X units in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +151.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, construction equipment blade imports rose markedly to $X in 2022. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2018 when imports increased by 194%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Canada (X units) were the main suppliers of construction equipment blade imports to Australia, together comprising 86% of total imports. Italy, Mexico, Austria, Japan and the UK lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +41.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest construction equipment blade suppliers to Australia were China ($X), the United States ($X) and Canada ($X), with a combined 86% share of total imports. Italy, Mexico, Austria, Japan and the UK lagged somewhat behind, together comprising a further 11%.

Austria, with a CAGR of +38.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average construction equipment blade import price stood at $X per unit in 2022, reducing by -7.9% against the previous year. Overall, the import price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 69% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per unit) and Mexico ($X per unit), while the price for China ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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