Price for Navigational Instruments and Appliances; Parts and Accessories in Australia - 2022
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Australia (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in Australia (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Australia
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Australia
Price for Navigational Instruments and Appliances; Parts and Accessories in Australia (CIF) - 2022
In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $487,957 per ton, surging by 9.9% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 99%. Over the period under review, average import prices reached the maximum at $528,306 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,861,623 per ton), while the price for Mexico ($64,963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in Australia (FOB) - 2022
The average export price for navigational instruments and appliances; parts and accessorieses stood at $616,492 per ton in 2022, surging by 2.5% against the previous year. Over the period under review, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 55%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,100,350 per ton), while the average price for exports to Sweden ($34,768 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Navigational Instruments and Appliances; Parts and Accessories in Australia
In 2022, overseas purchases of navigational instruments and appliances; parts and accessorieses decreased by -16.9% to 65 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 78 tons, and then shrank remarkably in the following year.
In value terms, imports of navigational instruments and appliances; parts and accessorieses declined to $32M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of $35M, and then declined in the following year.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.6 | 13.8 | 15.8 | 16.2 | 11.8% |
| France | 2.2 | 1.0 | 3.3 | 2.2 | 0.0% |
| Mexico | 1.3 | 1.9 | 3.2 | 2.1 | 17.3% |
| Canada | 0.6 | 0.9 | 1.0 | 1.9 | 46.8% |
| Italy | 1.1 | 0.9 | 0.4 | 1.8 | 17.8% |
| Germany | 2.0 | 1.5 | 0.9 | 0.9 | -23.4% |
| Taiwan (Chinese) | 0.5 | 0.7 | 1.4 | 0.6 | 6.3% |
| China | 1.3 | 0.8 | 0.7 | 0.6 | -22.7% |
| Hungary | 0.2 | 0.3 | 0.2 | 0.4 | 26.0% |
| United Kingdom | 1.5 | 1.1 | 1.9 | 0.3 | -41.5% |
| Others | 4.5 | 5.1 | 5.7 | 4.7 | 1.5% |
| Total | 26.8 | 28.0 | 34.6 | 31.6 | 5.6% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Australia in 2022:
- Mexico (32.2 tons)
- United States (8.7 tons)
- Italy (8.7 tons)
- China (2.5 tons)
- France (2.1 tons)
- Germany (1.8 tons)
- Hungary (1.5 tons)
- Canada (1.2 tons)
- Taiwan (Chinese) (1.2 tons)
- United Kingdom (1.2 tons)
Exports of Navigational Instruments and Appliances; Parts and Accessories in Australia
For the third year in a row, Australia recorded decline in overseas shipments of navigational instruments and appliances; parts and accessorieses, which decreased by -18% to 35 tons in 2022. Overall, exports faced a sharp decrease. The smallest decline of -1.6% was in 2021.
In value terms, exports of navigational instruments and appliances; parts and accessorieses declined remarkably to $21M in 2022. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 0.5%.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.8 | 0.5 | 1.1 | 8.2 | 65.8% |
| United States | 15.0 | 8.2 | 6.0 | 4.5 | -33.1% |
| New Zealand | 1.3 | 1.2 | 1.9 | 1.7 | 9.4% |
| Singapore | 3.5 | 2.9 | 1.8 | 1.6 | -23.0% |
| India | 0.1 | 0.2 | 0.6 | 1.4 | 141.0% |
| France | 2.5 | 2.5 | 2.0 | 0.8 | -31.6% |
| Malaysia | 2.3 | 1.1 | 0.5 | 0.5 | -39.9% |
| China | 0.3 | 1.6 | 0.7 | 0.4 | 10.1% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Indonesia | 0.3 | 0.1 | N/A | 0.2 | -12.6% |
| Japan | 0.2 | 0.4 | 0.2 | 0.2 | 0.0% |
| Netherlands | 3.3 | 0.6 | 0.2 | 0.1 | -68.8% |
| Sweden | 1.0 | 0.2 | 0.5 | N/A | -29.3% |
| Others | 6.9 | 5.8 | 9.8 | 1.7 | -37.3% |
| Total | 38.8 | 25.4 | 25.5 | 21.5 | -17.9% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Australia in 2022:
- United Kingdom (9.4 tons)
- Malaysia (8.6 tons)
- New Zealand (3.2 tons)
- Singapore (2.3 tons)
- India (1.5 tons)
- Indonesia (1.2 tons)
- Japan (1.2 tons)
- United States (0.9 tons)
- Netherlands (0.9 tons)
- France (0.8 tons)
- Sweden (0.7 tons)
- China (0.7 tons)
- Taiwan (Chinese) (0.5 tons)
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