Australia: Video Monitor Market 2024

Video Monitor Market Size in Australia

The Australian video monitor market soared to $X in 2021, rising by 17% 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, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 increased by +80.8% against 2014 indices. Video monitor consumption peaked in 2021 and is likely to continue growth in the immediate term.

Video Monitor Exports

Exports from Australia

In 2021, video monitor exports from Australia soared to X units, growing by 35% compared with 2020 figures. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, video monitor exports expanded notably to $X in 2021. Overall, exports, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for video monitor exports from Australia, accounting for a 58% share of total exports. Moreover, video monitor exports to New Zealand exceeded the volume sent to the second major destination, Hong Kong SAR (X units), ninefold. The third position in this ranking was held by South Korea (X units), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+11.3% per year) and South Korea (+72.3% per year).

In value terms, the largest markets for video monitor exported from Australia were New Zealand ($X), the United States ($X) and Singapore ($X), together accounting for 45% of total exports. Austria, Papua New Guinea, South Korea, Hong Kong SAR, the Netherlands, Malaysia, the UK, the United Arab Emirates, Pakistan and Cambodia lagged somewhat behind, together accounting for a further 21%.

Austria, with a CAGR of +78.5%, recorded 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 video monitor export price stood at $X per unit in 2021, shrinking by -18.4% against the previous year. In general, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Pakistan ($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 Cambodia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Video Monitor Imports

Imports into Australia

In 2021, video monitor imports into Australia contracted to X units, with a decrease of -2.6% on 2020 figures. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.1% against 2014 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports attained the peak of X units, and then declined slightly in the following year.

In value terms, video monitor imports skyrocketed to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.3% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of video monitor to Australia, accounting for a 90% share of total imports. Moreover, video monitor imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.8%.

In value terms, China ($X) constituted the largest supplier of video monitors to Australia, comprising 75% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.8%.

Import Prices by Country

In 2021, the average video monitor import price amounted to $X per unit, with an increase of 27% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%).

Source: IndexBox Platform

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