Australia: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Australia

In 2022, the Australian sugar-manufacturing industrial machinery market increased by 3.2% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption continues to indicate a buoyant expansion. Sugar-manufacturing industrial machinery consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in Australia

In value terms, sugar-manufacturing industrial machinery production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports from Australia

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of sugar decreased by -32.2% to X units, falling for the fourth consecutive year after two years of growth. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 11,591%. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sugar-manufacturing industrial machinery exports shrank significantly to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 571%. The exports peaked 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), Guatemala (X units) and the Philippines (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Australia, together comprising 62% of total exports. These countries were followed by Fiji, Mexico, China and Indonesia, which together accounted for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +105.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar-manufacturing industrial machinery exported from Australia were the United States ($X), Guatemala ($X) and the Philippines ($X), together accounting for 62% of total exports. These countries were followed by Fiji, Mexico, China and Indonesia, which together accounted for a further 30%.

Among the main countries of destination, Fiji, with a CAGR of +137.1%, saw the highest growth rate of 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

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, increasing by 8% against the previous year. Overall, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,220% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per unit) and Mexico ($X per unit), while the average price for exports to the United States ($X per unit) and Guatemala ($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 Fiji (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar-Manufacturing Industrial Machinery Imports

Imports into Australia

In 2022, after three years of growth, there was significant decline in purchases abroad of industrial machinery for the manufacture or preparation of sugar, when their volume decreased by -26.9% to X units. In general, imports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,050% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports contracted notably to $X in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,248%. Over the period under review, imports hit record highs at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, India (X units) constituted the largest sugar-manufacturing industrial machinery supplier to Australia, accounting for a 55% share of total imports. Moreover, sugar-manufacturing industrial machinery imports from India exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by China (X units), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and China (-11.2% per year).

In value terms, India ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Australia, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and China (-10.5% per year).

Import Prices by Country

In 2022, the average sugar-manufacturing industrial machinery import price amounted to $X per unit, surging by 7.2% against the previous year. Overall, the import price recorded a slight expansion. The growth pace was the most rapid in 2016 when the average import price increased by 845%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and India ($X per unit), while the price for Germany ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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