Australia: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Australia

The Australian hydraulic cylinder and system market soared to $X in 2022, jumping by 37% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Hydraulic Cylinders And Systems in Australia

In value terms, hydraulic cylinder and system production surged to $X in 2022 estimated in export price. In general, production posted significant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 54% against the previous year. Hydraulic cylinder and system production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Hydraulic Cylinders And Systems

Exports from Australia

In 2022, exports of hydraulic cylinders and systems from Australia declined to X units, stabilizing at 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, hydraulic cylinder and system exports rose sharply to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 39% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Papua New Guinea (X units) and New Zealand (X units) were the main destinations of hydraulic cylinder and system exports from Australia, together accounting for 59% of total exports. Singapore, Thailand, Suriname, China, Italy, Indonesia, South Africa, Japan, Belgium and Malaysia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +53.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic cylinder and system exported from Australia were the United States ($X), Papua New Guinea ($X) and New Zealand ($X), together accounting for 59% of total exports. Singapore, Thailand, Suriname, China, Italy, Indonesia, South Africa, Japan, Belgium and Malaysia lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Italy, with a CAGR of +44.3%, saw 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

In 2022, the average hydraulic cylinder and system export price amounted to $X per unit, with an increase of 8.8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per unit) and Suriname ($X per unit), while the average price for exports to Singapore ($X per unit) and Malaysia ($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 Belgium (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Australia

In 2022, supplies from abroad of hydraulic cylinders and systems increased by 72% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hydraulic cylinder and system imports skyrocketed to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of hydraulic cylinder and system imports to Australia, together accounting for 55% of total imports. Finland, Italy, Sweden, France, Canada, the UK, Japan, New Zealand, the Netherlands and Turkey lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +17.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydraulic cylinder and system suppliers to Australia were the United States ($X), Germany ($X) and China ($X), together accounting for 56% of total imports.

China, with a CAGR of +17.5%, saw 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

In 2022, the average hydraulic cylinder and system import price amounted to $X per unit, waning by -23.8% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 32%. The import price peaked at $X per unit in 2021, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Sweden ($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 (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :