Australia: Injection-Moulding Machine Market 2024

Injection-Moulding Machine Market Size in Australia

The Australian injection-moulding machine market rose notably to $X in 2022, with an increase of 11% against the previous year. Over the period under review, consumption showed resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Injection-Moulding Machine Production in Australia

In value terms, injection-moulding machine production amounted to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 92% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Injection-Moulding Machine Exports

Exports from Australia

In 2022, exports of injection-moulding machines for working rubber or plastics from Australia contracted rapidly to X units, with a decrease of -57.6% against the previous year's figure. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 288%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, injection-moulding machine exports declined rapidly to $X in 2022. In general, exports faced a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 497%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Maldives (X units), New Zealand (X units) and Papua New Guinea (X units) were the main destinations of injection-moulding machine exports from Australia, together accounting for 53% of total exports. India, Bangladesh, New Caledonia, China, Sri Lanka and Singapore lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +42.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), New Zealand ($X) and China ($X) constituted the largest markets for injection-moulding machine exported from Australia worldwide, together accounting for 75% of total exports.

In terms of the main countries of destination, India, with a CAGR of +23.4%, recorded 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

In 2022, the average injection-moulding machine export price amounted to $X per unit, dropping by -29.6% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 327% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Maldives ($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 Papua New Guinea (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Injection-Moulding Machine Imports

Imports into Australia

For the third year in a row, Australia recorded growth in supplies from abroad of injection-moulding machines for working rubber or plastics, which increased by 1.6% to X units in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +100.0% against 2013 indices. The growth pace was the most rapid in 2014 when imports increased by 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, injection-moulding machine imports rose notably to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +88.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest injection-moulding machine supplier to Australia, accounting for a 44% share of total imports. Moreover, injection-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+47.0% per year) and Taiwan (Chinese) (+6.7% per year).

In value terms, China ($X) constituted the largest supplier of injection-moulding machines for working rubber or plastics to Australia, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.8% per year) and Japan (+22.0% per year).

Import Prices by Country

In 2022, the average injection-moulding machine import price amounted to $X per unit, rising by 5.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 26%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for India ($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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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