Australia: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Australia

The Australian market for electrical lighting or visual signaling equipment for motor vehicles and cycles surged to $X in 2022, growing by X% 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). In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Australia

Lighting equipment for motor vehicles exports from Australia dropped significantly to X units in 2022, falling by X% compared with the year before. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for lighting equipment for motor vehicles exports from Australia, with a X% share of total exports. Moreover, lighting equipment for motor vehicles exports to the United States exceeded the volume sent to the second major destination, New Zealand (X units), fourfold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for electrical lighting or visual signaling equipment for motor vehicles and cycles exports from Australia, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, increasing by X% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Saudi Arabia ($X per unit), while the average price for exports to China ($X per unit) and Papua New Guinea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Australia

In 2022, lighting equipment for motor vehicles imports into Australia fell sharply to X units, waning by X% compared with the previous year. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lighting equipment for motor vehicles imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of lighting equipment for motor vehicles imports to Australia, together accounting for X% of total imports. South Korea, the United States, Thailand, New Zealand, the Czech Republic, the United Arab Emirates, Slovakia, Mexico, Austria and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the largest lighting equipment for motor vehicles suppliers to Australia, together accounting for X% of total imports. South Korea, the United States, Thailand, New Zealand, the Czech Republic, Slovakia, Mexico, Austria, Germany and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of 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

The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, growing by X% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting equipment for motor vehicles import price increased by X% against 2012 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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