Australia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Australia

The Australian pneumatic linear acting actuator market fell modestly to $X in 2022, waning by -4.9% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in Australia

In value terms, pneumatic linear acting actuator production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 24%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports from Australia

Pneumatic linear acting actuator exports from Australia reduced markedly to X units in 2022, shrinking by -42.6% against 2021. Overall, exports recorded a slight descent. The most prominent rate of growth was recorded in 2016 with an increase of 117%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports reduced dramatically to $X in 2022. Over the period under review, exports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2016 with an increase of 81% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X units), Papua New Guinea (X units) and the United States (X units) were the main destinations of pneumatic linear acting actuator exports from Australia, together comprising 72% of total exports. The United Arab Emirates, Indonesia, Saudi Arabia, Fiji, Canada, Ghana and New Caledonia lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +38.4%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Papua New Guinea ($X) and the United States ($X) constituted the largest markets for pneumatic linear acting actuator exported from Australia worldwide, with a combined 72% share of total exports. The United Arab Emirates, Indonesia, Saudi Arabia, Fiji, Canada, Ghana and New Caledonia lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Fiji, with a CAGR of +38.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, rising by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Ghana ($X per unit) and the United States ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) and New Caledonia ($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 Indonesia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Australia

In 2022, imports of pneumatic linear acting actuators into Australia dropped to X units, with a decrease of -8.2% on 2021 figures. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.6% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 41% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of pneumatic linear acting actuator imports to Australia, with a combined 61% share of total imports. Italy, Japan, India, the UK, Finland, Hungary, Hong Kong SAR, Sweden, France and Canada lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +41.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator suppliers to Australia were the United States ($X), Germany ($X) and China ($X), with a combined 61% share of total imports. Italy, Japan, India, the UK, Finland, Hungary, Hong Kong SAR, Sweden, France and Canada lagged somewhat behind, together accounting for a further 27%.

Hong Kong SAR, with a CAGR of +43.6%, recorded the highest rates of growth with regard to 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 pneumatic linear acting actuator import price stood at $X per unit in 2022, rising by 7.1% against the previous year. Overall, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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