Australia: Public Works Machinery Market 2024

Public Works Machinery Market Size in Australia

In 2021, the Australian public works machinery market decreased by -84.3% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption faced a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Public Works Machinery Production in Australia

In value terms, public works machinery production declined dramatically to $X in 2021 estimated in export price. Over the period under review, production saw a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 250% against the previous year. Public works machinery production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Public Works Machinery Exports

Exports from Australia

In 2021, approx. X units of machinery for public works and building were exported from Australia; growing by 9.7% against the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 5,311%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, public works machinery exports shrank to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period 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 when exports increased by 26%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

New Zealand (X units) was the main destination for public works machinery exports from Australia, accounting for a 32% share of total exports. Moreover, public works machinery exports to New Zealand exceeded the volume sent to the second major destination, South Korea (X units), threefold. The third position in this ranking was held by Cyprus (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +37.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+66.2% per year) and Cyprus (+181.5% per year).

In value terms, the largest markets for public works machinery exported from Australia were New Zealand ($X), the United States ($X) and South Korea ($X), together accounting for 42% of total exports. New Caledonia, Thailand, the Philippines, Singapore, Vanuatu, Japan and Cyprus lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Vanuatu, with a CAGR of +710.4%, saw 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 2021, the average public works machinery export price amounted to $X per unit, reducing by -13.9% against the previous year. Over the period under review, the export price saw a dramatic setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 550% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 the United States ($X per unit), while the average price for exports to Cyprus ($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 Japan (+58.8%), while the prices for the other major destinations experienced a decline.

Public Works Machinery Imports

Imports into Australia

In 2021, supplies from abroad of machinery for public works and building increased by 71% to X units, rising for the second year in a row after five years of decline. Over the period under review, imports, however, recorded a perceptible reduction. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, public works machinery imports skyrocketed to $X in 2021. In general, imports showed tangible growth. The growth pace was the most rapid in 2017 when imports increased by 103% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X units), the United States (X units) and Vietnam (X units) were the main suppliers of public works machinery imports to Australia, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +95.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of machinery for public works and building to Australia, comprising 60% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports. It was followed by China, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.1% per year) and China (+23.1% per year).

Import Prices by Country

In 2021, the average public works machinery import price amounted to $X per unit, dropping by -5.3% against the previous year. Over the period under review, the import price, however, showed prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 111%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($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 UK (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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