Australia: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Australia

In 2021, the Australian full-rotation excavator market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a slight decline. Full-rotation excavator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Full-Rotation Excavator Exports

Exports from Australia

After three years of growth, shipments abroad of self-propelled full-rotation excavators and bulldozers decreased by -33.3% to X units in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 176% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, full-rotation excavator exports shrank notably to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X units), New Zealand (X units) and China (X units) were the main destinations of full-rotation excavator exports from Australia, with a combined 70% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +58.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), China ($X) and Vietnam ($X) were the largest markets for full-rotation excavator exported from Australia worldwide, with a combined 54% share of total exports. These countries were followed by Papua New Guinea, Nauru, the United States, Hong Kong SAR, Vanuatu, New Caledonia, Egypt, Malaysia and the Philippines, which together accounted for a further 36%.

Among the main countries of destination, Vanuatu, with a CAGR of +61.8%, recorded the highest rates of growth with regard to 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 2021, the average full-rotation excavator export price amounted to $X per unit, rising by 9.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 53% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nauru ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+916.6%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Australia

In 2021, the amount of self-propelled full-rotation excavators and bulldozers imported into Australia soared to X units, increasing by 62% on the previous year's figure. Over the period under review, imports recorded a pronounced increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, full-rotation excavator imports surged to $X in 2021. In general, imports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 53%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and South Korea (X units) were the main suppliers of full-rotation excavator imports to Australia, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +53.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of self-propelled full-rotation excavators and bulldozers to Australia, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.1% per year) and Germany (-12.2% per year).

Import Prices by Country

The average full-rotation excavator import price stood at $X per unit in 2021, waning by -7.1% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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