Australia: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Australia

In 2021, the Australian non-electronic hydro- and hygrometers market increased by 26% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-electronic hydro- and hygrometers consumption peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Australia

In 2021, overseas shipments of non-electronic hydro-, hygro-, psychrometers increased by 19% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 45% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 31%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and New Zealand (X units) were the main destinations of non-electronic hydro- and hygrometers exports from Australia, together comprising 68% of total exports. Chile, Singapore, Portugal and Thailand lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +38.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic hydro- and hygrometers exported from Australia were China ($X), the United States ($X) and New Zealand ($X), with a combined 68% share of total exports. Chile, Singapore, Portugal and Thailand lagged somewhat behind, together accounting for a further 17%.

Portugal, with a CAGR of +44.8%, saw the highest rates of growth with regard to 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 non-electronic hydro- and hygrometers export price stood at $X per unit in 2021, surging by 2.6% against the previous year. Overall, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 280%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Chile ($X per unit) and the United States ($X per unit), while the average price for exports to Singapore ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Australia

In 2021, overseas purchases of non-electronic hydro-, hygro-, psychrometers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +82.0% against 2016 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) constituted the largest supplier of non-electronic hydro- and hygrometers to Australia, accounting for a 61% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.2% per year) and Hong Kong SAR (+0.8% per year).

In value terms, the largest non-electronic hydro- and hygrometers suppliers to Australia were China ($X), Hong Kong SAR ($X) and the United States ($X), with a combined 59% share of total imports.

Hong Kong SAR, with a CAGR of +39.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, jumping by 17% against the previous year. Overall, the import price continues to indicate strong growth. The growth pace was the most rapid in 2015 when the average import price increased by 36%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+38.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :