Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia - 2024

Contents:

1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia (CIF) - 2022
2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia (FOB) - 2022
3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia
4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia (CIF) - 2022

The average import price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $95 per unit in 2022, increasing by 11% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sound recording or reproducing apparatus; turntables (record-decks)s increased by +19.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,012 per unit), while the price for Hong Kong SAR ($70 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia (FOB) - 2022

The average export price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $92 per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 194% against the previous year. As a result, the export price attained the peak level of $536 per unit. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to -0.6% per year.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia

After three years of growth, overseas purchases of sound recording or reproducing apparatus; turntables (record-decks)s decreased by -22.4% to 105K units in 2022. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 79%. As a result, imports reached the peak of 135K units, and then declined significantly in the following year.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s reduced to $10M in 2022. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93%. As a result, imports reached the peak of $12M, and then dropped in the following year.

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Australia in 2022:

1. China (95.0K units)
2. United Kingdom (4.6K units)
3. Hong Kong SAR (1.6K units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Australia

After three years of growth, shipments abroad of sound recording or reproducing apparatus; turntables (record-decks)s decreased by -23.5% to 9.7K units in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 307% against the previous year. As a result, the exports attained the peak of 13K units, and then fell remarkably in the following year.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s dropped significantly to $888K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 193%. As a result, the exports reached the peak of $1.2M, and then fell rapidly in the following year.

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Australia in 2022:

1. New Zealand (9.6K units)

Source: IndexBox Market Intelligence Platform