Australia: Dairy Machinery Market 2024

Dairy Machinery Market Size in Australia

The Australian dairy machinery market surged to $X in 2022, with an increase of 17% against the previous year. Overall, consumption enjoyed a remarkable increase. Dairy machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Dairy Machinery Production in Australia

In value terms, dairy machinery production amounted to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by 315% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Dairy Machinery Exports

Exports from Australia

In 2022, the amount of dairy machinery exported from Australia shrank notably to X units, dropping by -58.3% against the previous year's figure. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 443%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy machinery exports reduced sharply to $X in 2022. Overall, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2021 with an increase of 449%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units), the UK (X units) and Saudi Arabia (X units) were the main destinations of dairy machinery exports from Australia, together accounting for 79% of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +39.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the UK ($X) and Saudi Arabia ($X) were the largest markets for dairy machinery exported from Australia worldwide, with a combined 80% share of total exports. New Zealand, South Africa, Ireland, the United Arab Emirates, the United States, Vietnam, Chile and the Netherlands lagged somewhat behind, together comprising a further 19%.

The United Arab Emirates, with a CAGR of +60.8%, 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

The average dairy machinery export price stood at $X per unit in 2022, reducing by -4.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 124%. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the Netherlands ($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 (+50.0%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Machinery Imports

Imports into Australia

In 2022, purchases abroad of dairy machinery increased by 105% to X units, rising for the second year in a row after three years of decline. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 351% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, dairy machinery imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 392%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of dairy machinery to Australia, with a 39% share of total imports. Moreover, dairy machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Switzerland (X units), threefold. The third position in this ranking was held by France (X units), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-7.5% per year) and France (+47.9% per year).

In value terms, Italy ($X) constituted the largest supplier of dairy machinery to Australia, comprising 39% of total imports. The second position in the ranking was taken by Switzerland ($X), with an 11% share of total imports. It was followed by France, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-8.9% per year) and France (+68.8% per year).

Import Prices by Country

In 2022, the average dairy machinery import price amounted to $X per unit, shrinking by -9.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and Turkey ($X per unit), while the price for the United States ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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