Australia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Australia

In 2022, after two years of growth, there was significant decline in the Australian market for mechanical appliances for projecting, dispersing or spraying, when its value decreased by -15.9% to $X. Overall, consumption saw a perceptible contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Australia

Exports of mechanical appliances for projecting, dispersing or spraying from Australia skyrocketed to X units in 2022, growing by 20% against 2021 figures. Overall, exports, however, showed a slight slump. Over the period under review, the exports of attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X units), the United States (X units) and Indonesia (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Australia, with a combined 65% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Australia were New Zealand ($X), the United States ($X) and Indonesia ($X), together accounting for 65% of total exports.

The United States, with a CAGR of +22.2%, saw the highest growth rate of the value of exports, in terms of 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 export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, with an increase of 25% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mechanical appliances for projecting, dispersing or spraying decreased by -1.9% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and the United States ($X per unit), while the average price for exports to Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Australia

In 2022, overseas purchases of mechanical appliances for projecting, dispersing or spraying decreased by -24.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 34% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying dropped modestly to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Australia, with a 46% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Italy (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.8% per year) and Italy (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Australia, comprising 46% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Italy, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.0% per year) and Italy (+2.3% per year).

Import Prices by Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, picking up by 30% against the previous year. In general, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 150% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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