Australia: Non-Household Fan Market 2024

Non-Household Fan Market Size in Australia

The Australian non-household fan market contracted rapidly to $X in 2022, shrinking by -46.3% 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). Over the period under review, consumption showed a relatively flat trend pattern. Non-household fan consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Non-Household Fan Exports

Exports from Australia

In 2022, after two years of growth, there was significant decline in shipments abroad of non-household ventilation fans, when their volume decreased by -32.9% to X units. In general, exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2021 when exports increased by 59%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-household fan exports dropped notably to $X in 2022. Overall, exports saw a noticeable slump. The pace of growth was the most pronounced in 2017 with an increase of 21%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for non-household fan exports from Australia, with a 42% share of total exports. Moreover, non-household fan exports to New Zealand exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. The third position in this ranking was held by the United States (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+0.7% per year) and the United States (+10.8% per year).

In value terms, the largest markets for non-household fan exported from Australia were New Zealand ($X), the United States ($X) and Brazil ($X), together comprising 57% of total exports.

Brazil, with a CAGR of +51.0%, 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 non-household fan export price stood at $X per unit in 2022, increasing by 23% against the previous year. Over the period under review, the export price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of 65%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Australia

After three years of growth, purchases abroad of non-household ventilation fans decreased by -50.6% to X units in 2022. Overall, imports recorded a mild decrease. The growth pace was the most rapid in 2013 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted dramatically in the following year.

In value terms, non-household fan imports declined remarkably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 34% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to Australia, with a 71% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.0% per year) and Taiwan (Chinese) (+2.1% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest non-household fan suppliers to Australia, with a combined 59% share of total imports. New Zealand, Italy, Taiwan (Chinese), Japan and Thailand lagged somewhat behind, together comprising a further 14%.

New Zealand, with a CAGR of +16.2%, 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

In 2022, the average non-household fan import price amounted to $X per unit, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 when the average import price increased by 36%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average 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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform