Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia - 2022

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $18,520 per ton in 2022, with an increase of 1.8% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2016 an increase of 33%. Over the period under review, average import prices attained the peak figure at $23,058 per ton in 2012; however, from 2013 to 2022, 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 ($33,386 per ton), while the price for Israel ($4,642 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia (FOB) - 2022

The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $61,397 per ton in 2022, rising by 7% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 31%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were New Zealand ($67,896 per ton) and Indonesia ($67,049 per ton), while the average price for exports to the UK ($47,311 per ton) and Malaysia ($51,307 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia

In 2022, approx. 12K tons of machines and mechanical appliances; parts, of those having individual functionses were imported into Australia; with an increase of 6.7% on 2021 figures. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses rose significantly to $213M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Australia in 2022:

1. China (2587.7 tons)
2. Germany (1709.3 tons)
3. United States (1628.7 tons)
4. Israel (578.0 tons)
5. Switzerland (572.0 tons)
6. Malaysia (513.2 tons)
7. United Kingdom (489.5 tons)
8. Italy (376.1 tons)
9. Canada (315.4 tons)
10. France (279.4 tons)
11. Spain (203.4 tons)
12. India (190.9 tons)
13. Netherlands (180.1 tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Australia

Exports of machines and mechanical appliances; parts, of those having individual functionses from Australia rose slightly to 1.6K tons in 2022, with an increase of 2.8% against the previous year's figure. Overall, exports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses amounted to $99M in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Australia in 2022:

1. China (308.5 tons)
2. Germany (277.6 tons)
3. United States (195.9 tons)
4. New Zealand (147.2 tons)
5. Papua New Guinea (61.9 tons)
6. Indonesia (53.4 tons)
7. South Africa (52.9 tons)
8. Japan (52.8 tons)
9. Malaysia (52.8 tons)
10. United Kingdom (52.5 tons)
11. New Caledonia (42.0 tons)
12. Singapore (39.2 tons)
13. South Korea (30.0 tons)

Source: IndexBox Market Intelligence Platform