Australia: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Australia

In 2022, after two years of growth, there was significant decline in the Australian cable-making machine market, when its value decreased by X% to $X. Overall, consumption, however, recorded a remarkable increase. Cable-making machine consumption peaked at $X in 2021, and then declined dramatically in the following year.

Cable-Making Machine Production in Australia

In value terms, cable-making machine production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Cable-Making Machine Exports

Exports from Australia

In 2022, overseas shipments of rope or cable-making machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cable-making machine exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for cable-making machine exports from Australia, with a X% share of total exports. Moreover, cable-making machine exports to the United States exceeded the volume sent to the second major destination, Papua New Guinea (X units), fivefold.

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

In value terms, the United States ($X) emerged as the key foreign market for rope or cable-making machines exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average cable-making machine export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Papua New Guinea ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Cable-Making Machine Imports

Imports into Australia

In 2022, after three years of growth, there was significant decline in supplies from abroad of rope or cable-making machines, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cable-making machine imports dropped notably to $X in 2022. In general, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Canada (X units) were the main suppliers of cable-making machine imports to Australia, together comprising X% of total imports. Moreover, cable-making machine imports in China exceeded the figures recorded by the second-largest supplier, the United States, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cable-making machine suppliers to Australia were New Zealand ($X), Taiwan (Chinese) ($X) and Canada ($X), together comprising X% of total imports.

New Zealand, with a CAGR of X%, 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 a decline.

Import Prices by Country

In 2022, the average cable-making machine import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price continues to indicate moderate growth. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 New Zealand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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