Australia: Laser Market 2024

Laser Market Size in Australia

In 2021, the Australian laser market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Laser Exports

Exports from Australia

In 2021, approx. X units of lasers, other than laser diodes were exported from Australia; picking up by 29% against 2020. Over the period under review, exports showed a noticeable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 287%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, laser exports dropped to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 670%. 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), Austria (X units) and Germany (X units) were the main destinations of laser exports from Australia, with a combined 40% share of total exports. China, Finland, Belgium, France, Canada, the United States, the UK, the Netherlands and South Korea lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of +139.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for laser exports from Australia, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 9% share of total exports. It was followed by China, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.5% per year) and China (+9.9% per year).

Export Prices by Country

The average laser export price stood at $X per unit in 2021, waning by -32.2% against the previous year. In general, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2019 an increase of 99% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Finland ($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 the United States (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Laser Imports

Imports into Australia

In 2021, laser imports into Australia surged to X units, with an increase of 66% against the previous year's figure. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 90%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, laser imports expanded significantly to $X in 2021. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of laser to Australia, accounting for a 54% share of total imports. Moreover, laser imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by China (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.1% per year) and China (+8.8% per year).

In value terms, the United States ($X) constituted the largest supplier of laser to Australia, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and China (+4.7% per year).

Import Prices by Country

In 2021, the average laser import price amounted to $X per unit, with a decrease of -32.1% against the previous year. Over the period under review, the import price recorded a abrupt descent. The growth pace was the most rapid in 2017 when the average import price increased by 33%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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