Australia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Australia

The Australian pedestrian-controlled tractor market rose significantly to $X in 2022, with an increase of 9.1% against the previous year. Over the period under review, consumption continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pedestrian-Controlled Tractor Production in Australia

In value terms, pedestrian-controlled tractor production rose sharply to $X in 2022 estimated in export price. Overall, production recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 44%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Australia

Pedestrian-controlled tractor exports from Australia reached X units in 2022, picking up by 1.5% compared with the previous year. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 251%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, pedestrian-controlled tractor exports reduced dramatically to $X in 2022. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 260%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X units), New Zealand (X units) and Canada (X units) were the main destinations of pedestrian-controlled tractor exports from Australia, with a combined 62% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +56.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pedestrian-controlled tractor exported from Australia were Papua New Guinea ($X), New Zealand ($X) and Canada ($X), with a combined 63% share of total exports. These countries were followed by Vanuatu, the UK, Croatia, South Korea, the Netherlands, New Caledonia, Kenya and Taiwan (Chinese), which together accounted for a further 34%.

Kenya, with a CAGR of +113.0%, recorded the highest growth rate of 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 pedestrian-controlled tractor export price stood at $X per unit in 2022, with a decrease of -36.5% against the previous year. Overall, the export price, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 181%. The export price peaked at $X per unit in 2021, and then fell rapidly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vanuatu ($X per unit) and New Caledonia ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and Croatia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+55.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pedestrian-Controlled Tractor Imports

Imports into Australia

In 2022, the amount of pedestrian-controlled tractors imported into Australia surged to X units, with an increase of 69% on 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 398% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pedestrian-controlled tractor imports surged to $X in 2022. In general, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 269%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), the UK (X units) and China (X units) were the main suppliers of pedestrian-controlled tractor imports to Australia, with a combined 80% share of total imports. The United States and New Zealand lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pedestrian-controlled tractor suppliers to Australia were Italy ($X), the UK ($X) and China ($X), with a combined 80% share of total imports. The United States and New Zealand lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, New Zealand, with a CAGR of +43.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, with an increase of 5.3% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and New Zealand ($X per unit), while the price for Italy ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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