Australia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Australia

The Australian agricultural product dryer market soared to $X in 2021, jumping by 198% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a significant increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Agricultural Product Dryer Exports

Exports from Australia

In 2021, approx. X units of dryers for the treatment of agricultural products were exported from Australia; growing by 20% compared with 2020 figures. Over the period under review, exports posted temperate growth. The growth pace was the most rapid in 2017 when exports increased by 480% against the previous year. 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, agricultural product dryer exports surged to $X in 2021. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 1,544%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Thailand (X units) and South Africa (X units) were the main destinations of agricultural product dryer exports from Australia.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +19.6%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for agricultural product dryer exported from Australia were Indonesia ($X), Thailand ($X) and Cambodia ($X), together comprising 55% of total exports.

Thailand, with a CAGR of +29.6%, recorded 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 a decline.

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, picking up by 113% against the previous year. In general, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of 185%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to South Africa ($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 Myanmar (+1,056.1%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Product Dryer Imports

Imports into Australia

In 2021, approx. X units of dryers for the treatment of agricultural products were imported into Australia; jumping by 226% compared with 2020 figures. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 1,164%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, agricultural product dryer imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 350%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X units) constituted the largest agricultural product dryer supplier to Australia, with a 25% share of total imports. Moreover, agricultural product dryer imports from Malaysia exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Thailand (X units), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to +287.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.6% per year) and Thailand (+26.8% per year).

In value terms, the Netherlands ($X), the UK ($X) and Thailand ($X) appeared to be the largest agricultural product dryer suppliers to Australia, together comprising 34% of total imports. These countries were followed by the United States, Malaysia, China and India, which together accounted for a further 18%.

Malaysia, with a CAGR of +314.0%, saw the highest rates of growth with regard to 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

In 2021, the average agricultural product dryer import price amounted to $X per unit, shrinking by -40.4% against the previous year. Overall, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 53%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 Netherlands ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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