Australia: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Australia

The Australian mechanical shovel and excavator market declined remarkably to $X in 2021, which is down by -68.6% 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). In general, consumption recorded a pronounced contraction. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Australia

In 2021, overseas shipments of mechanical shovels, excavators and shovel loaders increased by 425% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 641% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports declined dramatically to $X in 2021. In general, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 81% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X units), the United States (X units) and Indonesia (X units) were the main destinations of mechanical shovel and excavator exports from Australia, together comprising 59% of total exports. Vietnam, Thailand, the Philippines, China, Fiji and Papua New Guinea lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +70.9%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) emerged as the key foreign market for mechanical shovels, excavators and shovel loaders exports from Australia, comprising 24% of total exports. The second position in the ranking was taken by China ($X), with a 10% share of total exports. It was followed by Vietnam, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+97.6% per year) and Vietnam (+50.6% per year).

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, with a decrease of -88.2% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 669% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Indonesia ($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 Ghana (+314.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Australia

In 2021, the amount of mechanical shovels, excavators and shovel loaders imported into Australia contracted rapidly to X units, shrinking by -59.9% compared with 2020 figures. Over the period under review, imports, however, recorded moderate growth. The pace of growth appeared the most rapid in 2020 when imports increased by 318% against the previous year. As a result, imports attained the peak of X units, and then reduced notably in the following year.

In value terms, mechanical shovel and excavator imports soared to $X in 2021. In general, imports showed a perceptible decrease. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and the United States (X units) were the main suppliers of mechanical shovel and excavator imports to Australia, with a combined 78% share of total imports. South Korea, the Czech Republic, the UK and Germany lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +27.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to Australia, comprising 33% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.7% per year) and the United States (-8.5% per year).

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2021, growing by 277% against the previous year. In general, the import price, however, recorded a abrupt decline. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($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 Czech Republic (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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