Australia: Chandelier Market 2024

Chandelier Market Size in Australia

In 2022, the Australian chandelier market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Chandelier Exports

Exports from Australia

After ten years of growth, shipments abroad of chandeliers decreased by -0.9% to X units in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 1.9% against the previous year. As a result, the exports attained the peak of X units, leveling off in the following year.

In value terms, chandelier exports dropped to $X in 2022. Overall, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +18.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 40%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

New Zealand (X units), the United States (X units) and Papua New Guinea (X units) were the main destinations of chandelier exports from Australia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +66.0%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), the United States ($X) and Papua New Guinea ($X) constituted the largest markets for chandelier exported from Australia worldwide.

In terms of the main countries of destination, Germany, with a CAGR of +67.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chandelier export price stood at $X per unit in 2022, reducing by -12.9% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Thailand ($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 the United Arab Emirates (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chandelier Imports

Imports into Australia

In 2022, overseas purchases of chandeliers were finally on the rise to reach X units after two years of decline. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 46% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chandelier imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest chandelier supplier to Australia, accounting for a 35% share of total imports. Moreover, chandelier imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 1.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.0% per year) and Italy (-0.2% per year).

In value terms, China ($X) constituted the largest supplier of chandeliers to Australia, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 3.3% share of total imports. It was followed by Italy, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Italy (-1.4% per year).

Import Prices by Country

The average chandelier import price stood at $X per unit in 2022, dropping by -34% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 113%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Italy ($X per unit), while the price for Malaysia ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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