Australia: Threshing Machinery Market 2024

Threshing Machinery Market Size in Australia

The Australian threshing machinery market was estimated at $X in 2022, stabilizing at the previous year. In general, consumption, however, continues to indicate a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Threshing Machinery Production in Australia

In value terms, threshing machinery production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 34%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Threshing Machinery Exports

Exports from Australia

In 2022, overseas shipments of threshing machinery except combine harvester-threshers increased by 1,033% to X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a deep slump. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, threshing machinery exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for threshing machinery exports from Australia, with a 53% share of total exports. Moreover, threshing machinery exports to China exceeded the volume sent to the second major destination, Solomon Islands (X units), threefold. The third position in this ranking was taken by Papua New Guinea (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Solomon Islands (+24.1% per year) and Papua New Guinea (-16.9% per year).

In value terms, China ($X) emerged as the key foreign market for threshing machinery except combine harvester-threshers exports from Australia, comprising 52% of total exports. The second position in the ranking was held by Solomon Islands ($X), with a 20% share of total exports. It was followed by Papua New Guinea, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Solomon Islands (+15.0% per year) and Papua New Guinea (-20.7% per year).

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, increasing by 15% against the previous year. Overall, 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 99% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Djibouti ($X per unit) and Solomon Islands ($X per unit), while the average price for exports to Lebanon ($X per unit) and Papua New Guinea ($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 Fiji (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Australia

In 2022, after three years of growth, there was significant decline in supplies from abroad of threshing machinery except combine harvester-threshers, when their volume decreased by -76.5% to X units. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 490%. As a result, imports attained the peak of X units, and then declined significantly in the following year.

In value terms, threshing machinery imports fell notably to $X in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 463% against the previous year. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

Canada (X units), the United States (X units) and Germany (X units) were the main suppliers of threshing machinery imports to Australia, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +82.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest threshing machinery suppliers to Australia were Canada ($X), the United States ($X) and Germany ($X), with a combined 93% share of total imports.

Canada, with a CAGR of +46.0%, recorded the highest rates of growth with regard to 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 threshing machinery import price amounted to $X per unit, surging by 1.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 75% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and the United States ($X per unit), while the price for Hungary ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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