Australia: Machinery For Packing Market 2024

Machinery For Packing Market Size in Australia

The Australian machinery for packing market fell to $X in 2022, waning by -14.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. Machinery for packing consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Machinery For Packing Exports

Exports from Australia

In 2022, exports of machinery for packing or wrapping from Australia soared to X units, picking up by 98% against the previous year. Overall, exports, however, saw a abrupt descent. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, machinery for packing exports soared to $X in 2022. Over the period under review, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 112%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), New Zealand (X units) and Peru (X units) were the main destinations of machinery for packing exports from Australia, together comprising 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +118.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery for packing exported from Australia were New Zealand ($X), Mexico ($X) and Peru ($X), together accounting for 65% of total exports. Brazil, China, Oman, Papua New Guinea, the United Arab Emirates, Belgium and Malaysia lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +77.4%, recorded 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 machinery for packing export price amounted to $X per unit, reducing by -26.6% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2016 when the average export price increased by 48%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to the United Arab Emirates ($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 Belgium (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into Australia

In 2022, imports of machinery for packing or wrapping into Australia contracted modestly to X units, shrinking by -4.2% against the previous year. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, machinery for packing imports shrank to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of machinery for packing imports to Australia, together comprising 50% of total imports. Spain, China, Taiwan (Chinese), New Zealand, Canada, France, the UK, the United States, South Korea and Japan lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest machinery for packing suppliers to Australia, with a combined 50% share of total imports. Spain, China, Taiwan (Chinese), New Zealand, Canada, France, the UK, the United States, South Korea and Japan lagged somewhat behind, together comprising a further 39%.

Canada, with a CAGR of +13.3%, recorded the highest rates of growth with regard to 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 machinery for packing import price stood at $X per unit in 2022, which is down by -11.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from New Zealand ($X per unit) and Japan ($X per unit), while the price for South Korea ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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