Australia: Test And Measurement Market 2024

Test And Measurement Market Size in Australia

In 2021, the Australian test and measurement market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Test And Measurement Exports

Exports from Australia

After two years of growth, shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -72.6% to X units in 2021. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 194%. As a result, the exports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, test and measurement exports dropped sharply to $X in 2021. Over the period under review, exports saw a mild shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 82% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for test and measurement exports from Australia, accounting for a 64% share of total exports. Moreover, test and measurement exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), tenfold. The third position in this ranking was held by Germany (X units), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.9% per year) and Germany (+9.2% per year).

In value terms, the largest markets for test and measurement exported from Australia were the UK ($X), Malaysia ($X) and New Zealand ($X), together accounting for 40% of total exports.

In terms of the main countries of destination, the UK, 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

The average test and measurement export price stood at $X per unit in 2021, increasing by 117% against the previous year. Overall, the export price enjoyed a measured expansion. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to New Zealand ($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 Singapore (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Australia

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses imported into Australia rose rapidly to X units, with an increase of 13% on the previous year. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, test and measurement imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of test and measurement to Australia, accounting for a 60% share of total imports. Moreover, test and measurement imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.8% per year) and Taiwan (Chinese) (+2.0% per year).

In value terms, the largest test and measurement suppliers to Australia were the United States ($X), Germany ($X) and China ($X), together comprising 53% of total imports. These countries were followed by India, the UK, Japan, Mexico, Taiwan (Chinese), Italy and Poland, which together accounted for a further 28%.

India, with a CAGR of +22.7%, 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

The average test and measurement import price stood at $X per unit in 2021, rising by 10% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 17%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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