Australia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Australia

The Australian food manufacture machinery market expanded modestly to $X in 2021, surging by 4.1% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Food Manufacture Machinery Production in Australia

In value terms, food manufacture machinery production fell slightly to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 825% against the previous year. Food manufacture machinery production peaked at $X in 2020, and then fell in the following year.

Food Manufacture Machinery Exports

Exports from Australia

In 2021, approx. X units of machinery for the preparation or manufacture of food or drink were exported from Australia; growing by 22% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 169% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, food manufacture machinery exports rose notably to $X in 2021. In general, exports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2018 with an increase of 48% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units), New Zealand (X units) and the UK (X units) were the main destinations of food manufacture machinery exports from Australia, with a combined 78% share of total exports. These countries were followed by India, the Philippines, Ecuador, China, Italy, Papua New Guinea, the United States and the United Arab Emirates, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +34.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for food manufacture machinery exported from Australia were China ($X), Russia ($X) and India ($X), with a combined 48% share of total exports.

China, with a CAGR of +57.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, which is down by -11.4% against the previous year. Overall, the export price saw a perceptible slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($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 China (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Australia

In 2021, supplies from abroad of machinery for the preparation or manufacture of food or drink was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 75%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, food manufacture machinery imports skyrocketed to $X in 2021. Overall, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 43% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main suppliers of food manufacture machinery imports to Australia, together accounting for 47% of total imports. China, the Netherlands, Japan, Denmark, Spain, Taiwan (Chinese) and the UK lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) appeared to be the largest food manufacture machinery suppliers to Australia, together accounting for 48% of total imports. These countries were followed by the Netherlands, China, Japan, Denmark, Spain, Taiwan (Chinese) and the UK, which together accounted for a further 41%.

Among the main suppliers, the Netherlands, with a CAGR of +24.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, picking up by 5.8% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery import price increased by +90.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 48%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the UK ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :