Australia: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Australia

In 2022, the Australian trailer and semi-trailer market increased by 11% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Trailer And Semi-Trailer Exports

Exports from Australia

In 2022, the amount of cargo trailers and semi-trailers exported from Australia surged to X units, increasing by 108% on the previous year's figure. Overall, exports, however, showed a deep slump. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer exports soared to $X in 2022. In general, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of 44% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for trailer and semi-trailer exports from Australia, with a 66% share of total exports. Moreover, trailer and semi-trailer exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X units), eightfold. Kenya (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-11.4% per year) and Kenya (+76.1% per year).

In value terms, New Zealand ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Australia, comprising 64% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Papua New Guinea, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.2% per year) and Papua New Guinea (-20.4% per year).

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, dropping by -31% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2013 an increase of 77%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the 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 the United States ($X per unit), while the average price for exports to Vietnam ($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 Mongolia (+155.1%), while the prices for the other major destinations experienced mixed trend patterns.

Trailer And Semi-Trailer Imports

Imports into Australia

In 2022, overseas purchases of cargo trailers and semi-trailers decreased by -1.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +103.5% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, imports attained the maximum at X units in 2021, and then fell modestly in the following year.

In value terms, trailer and semi-trailer imports surged to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest trailer and semi-trailer supplier to Australia, with a 77% share of total imports. Moreover, trailer and semi-trailer imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X units), eightfold. The third position in this ranking was held by the United States (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+0.5% per year) and the United States (-9.8% per year).

In value terms, China ($X) constituted the largest supplier of cargo trailers and semi-trailers to Australia, comprising 75% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.6% share of total imports. It was followed by New Zealand, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.4% per year) and New Zealand (-1.8% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, rising by 22% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 22% against the previous year. The import price peaked at $X per unit in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform