Australia: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Australia

In 2021, the Australian market for parts of harvester and threshers increased by 49% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Parts of harvester and threshers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Australia

In 2021, the amount of parts of harvester and threshers exported from Australia soared to X units, rising by 93% on 2020 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Overall, exports saw a perceptible increase. 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

The United States (X units) was the main destination for parts of harvester and threshers exports from Australia, with a 54% share of total exports. Moreover, parts of harvester and threshers exports to the United States exceeded the volume sent to the second major destination, New Zealand (X units), fivefold. The third position in this ranking was taken by Papua New Guinea (X units), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-2.2% per year) and Papua New Guinea (+47.8% per year).

In value terms, the United States ($X) remains the key foreign market for parts of harvester and threshers exports from Australia, comprising 54% of total exports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total exports. It was followed by Papua New Guinea, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+3.2% per year) and Papua New Guinea (+38.8% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, rising by 5.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2016 an increase of 31% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per unit) and Fiji ($X per unit), while the average price for exports to Papua New Guinea ($X per unit) and Germany ($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 Malaysia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Australia

In 2021, purchases abroad of parts of harvester and threshers increased by 48% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, parts of harvester and threshers imports surged to $X in 2021. In general, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Canada (X units) and Germany (X units) were the main suppliers of parts of harvester and threshers imports to Australia, with a combined 74% share of total imports. China, Hungary, the UK, New Zealand, Brazil and France lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to Australia were the United States ($X), Canada ($X) and New Zealand ($X), with a combined 73% share of total imports. Germany, China, Hungary, the UK, Brazil and France lagged somewhat behind, together comprising a further 17%.

Brazil, with a CAGR of +29.7%, recorded 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 import price for parts of harvester and threshers stood at $X per unit in 2021, rising by 3.9% against the previous year. In general, the import price recorded strong growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 65%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per unit), while the price for France ($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 United States (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform