Australia: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Australia

After six years of growth, the Australian market for pulley tackle and hoists powered by an electric motor decreased by -12.8% to $X in 2022. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.3% against 2015 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Australia

In 2022, shipments abroad of pulley tackle and hoists powered by an electric motor increased by 75% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of 200%. Over the period under review, the exports of attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor surged to $X in 2022. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units), Panama (X units) and Saudi Arabia (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Australia, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +1,458.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Australia, comprising 45% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with an 11% share of total exports. It was followed by the United States, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to +1,311.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-0.3% per year) and the United States (+7.5% per year).

Export Prices by Country

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, growing by 51% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Papua New Guinea ($X per unit), while the average price for exports to New Zealand ($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 New Zealand (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Australia

In 2022, the amount of pulley tackle and hoists powered by an electric motor imported into Australia contracted to X units, waning by -10.8% on 2021. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, imports of pulley tackle and hoists powered by an electric motor declined to $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +77.9% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Australia, with a 59% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from China exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold. The third position in this ranking was taken by Germany (X units), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.7% per year) and Germany (-10.5% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the largest pulley tackle and hoists powered by an electric motor suppliers to Australia, with a combined 52% share of total imports. Japan, the UK, Canada, Italy, Denmark, Poland, Switzerland, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further 31%.

Canada, with a CAGR of +37.3%, recorded the highest growth rate of the value of imports, among 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 import price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, picking up by 2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 21% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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