Australia: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Australia

In 2021, the Australian self-propelled excavating machinery market was finally on the rise to reach $X after three years of decline. Overall, consumption enjoyed resilient growth. Self-propelled excavating machinery consumption peaked in 2021 and is expected to retain growth in the near future.

Self-Propelled Excavating Machinery Production in Australia

In value terms, self-propelled excavating machinery production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 17% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Australia

In 2021, overseas shipments of self-propelled earth moving, excavating machinery decreased by -76.6% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 11,247%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports surged to $X in 2021. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 62%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X units) was the main destination for self-propelled excavating machinery exports from Australia, with a 65% share of total exports. Moreover, self-propelled excavating machinery exports to Papua New Guinea exceeded the volume sent to the second major destination, Chile (X units), threefold. The third position in this ranking was held by Brazil (X units), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to Papua New Guinea totaled +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-12.1% per year) and Brazil (+37.9% per year).

In value terms, the largest markets for self-propelled excavating machinery exported from Australia were Papua New Guinea ($X), Chile ($X) and New Zealand ($X), with a combined 84% share of total exports. These countries were followed by Brazil, New Caledonia and South Africa, which together accounted for a further 9.1%.

In terms of the main countries of destination, New Caledonia, with a CAGR of +47.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average self-propelled excavating machinery export price amounted to $X per unit, surging by 484% against the previous year. Over the period under review, the export price, however, recorded a sharp downturn. The most prominent rate of growth was recorded in 2016 an increase of 658% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 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 New Caledonia ($X per unit), while the average price for exports to South Africa ($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 New Caledonia (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports into Australia

In 2021, the amount of self-propelled earth moving, excavating machinery imported into Australia soared to X units, increasing by 56% against the previous year's figure. Overall, imports continue to indicate a slight expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 169%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports declined to $X in 2021. In general, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 146% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Germany (X units) and the United States (X units) were the main suppliers of self-propelled excavating machinery imports to Australia, together comprising 97% of total imports. These countries were followed by China, which accounted for a further 2.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) constituted the largest self-propelled excavating machinery suppliers to Australia, together accounting for 79% of total imports. These countries were followed by China, which accounted for a further 8.1%.

Among the main suppliers, China, with a CAGR of +23.2%, recorded the highest growth rate of 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

In 2021, the average self-propelled excavating machinery import price amounted to $X per unit, shrinking by -38.3% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure 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 the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5,401.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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