Australia: Crawler Tractor Market 2024

Crawler Tractor Market Size in Australia

After two years of growth, the Australian crawler tractor market decreased by -0.9% to $X in 2021. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +20.1% against 2017 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Crawler Tractor Exports

Exports from Australia

In 2021, approx. X units of crawler tractors were exported from Australia; with a decrease of -65% compared with 2020 figures. Over the period under review, exports recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 when exports increased by 550%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, crawler tractor exports contracted dramatically to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 343% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), New Caledonia (X units) and Japan (X units) were the main destinations of crawler tractor exports from Australia. Moreover, crawler tractor exports in New Zealand exceeded the figures recorded by the second-largest exporter, New Caledonia, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Caledonia (with a CAGR of +100.0%), while the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X) remains the key foreign market for crawler tractors exports from Australia, comprising 81% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-12.1% per year) and New Caledonia (+1,101.0% per year).

Export Prices by Country

In 2021, the average crawler tractor export price amounted to $X per unit, with a decrease of -32% against the previous year. Over the period under review, the export price, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 194%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, 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 New Zealand ($X per unit), while the average price for exports to New Caledonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+400.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into Australia

In 2021, after two years of growth, there was significant decline in purchases abroad of crawler tractors, when their volume decreased by -25.1% to X units. In general, imports recorded a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 31%. Imports peaked at X units in 2020, and then contracted sharply in the following year.

In value terms, crawler tractor imports dropped slightly to $X in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.1% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, the United States (X units) was the main crawler tractor supplier to Australia, accounting for a 93% share of total imports. It was followed by Canada (X units), with a 2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+16.7% per year) and Germany (-16.4% per year).

In value terms, the United States ($X) constituted the largest supplier of crawler tractors to Australia, comprising 97% of total imports. The second position in the ranking was taken by Canada ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+20.0% per year) and Germany (-25.4% per year).

Import Prices by Country

The average crawler tractor import price stood at $X per unit in 2021, picking up by 33% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crawler tractor import price increased by +69.5% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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