Seals; Mechanical Price in Australia - 2023

Seals; Mechanical Price in Australia (CIF) - 2022

The average seals; mechanical import price stood at $6.5 per unit in 2022, which is down by -2.4% against the previous year. Over the period under review, the import price, however, posted tangible growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 70% against the previous year. The import price peaked at $6.6 per unit in 2021, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($6.5 per unit) and the United States ($6.5 per unit), while the price for South Korea ($6.5 per unit) and New Zealand ($6.5 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Australia (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $9.3 per unit, growing by 4.7% against the previous year. Over the period under review, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 60%. Over the period under review, the average export prices hit record highs at $10 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($9.7 per unit), while the average price for exports to the United Arab Emirates ($1.5 per unit) 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 (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Australia

In 2022, the amount of seals; mechanicals imported into Australia surged to 12M units, with an increase of 19% on 2021. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports skyrocketed to $78M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Seals; Mechanical in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	20.9	20.1	20.5	23.8	4.4%
China	6.3	6.5	7.8	11.6	22.6%
Germany	9.8	10.7	10.3	10.5	2.3%
United Kingdom	4.0	8.7	5.6	5.5	11.2%
Sweden	1.5	2.0	2.6	2.8	23.1%
Singapore	3.0	3.0	3.1	2.4	-7.2%
Japan	2.5	2.2	2.3	2.2	-4.2%
Czech Republic	0.6	0.8	0.9	2.1	51.8%
India	0.4	1.2	1.1	2.0	71.0%
New Zealand	1.4	1.1	1.3	1.3	-2.4%
Italy	1.8	2.5	2.0	1.1	-15.1%
South Korea	1.0	1.0	1.2	1.1	3.2%
France	2.1	2.3	3.1	1.0	-21.9%
Others	9.0	5.2	5.6	10.8	6.3%
Total	64.3	67.4	67.6	78.2	6.7%

Top Suppliers of Seals; Mechanical to Australia in 2022:

United States (3678.9K units)
China (1797.8K units)
Germany (1629.7K units)
United Kingdom (848.4K units)
Sweden (434.6K units)
Singapore (364.3K units)
Japan (341.4K units)
Czech Republic (322.4K units)
India (317.0K units)
New Zealand (198.6K units)
South Korea (175.6K units)
Italy (171.2K units)
France (152.2K units)

Seals; Mechanical Exports in Australia

In 2022, the amount of seals; mechanicals exported from Australia rose rapidly to 1.9M units, growing by 15% on 2021 figures. Overall, exports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 18%. The exports peaked at 2.2M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, seals; mechanical exports soared to $18M in 2022. Over the period under review, exports, however, saw a abrupt decline. Over the period under review, the exports attained the peak figure at $22M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Seals; Mechanical in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	8.7	6.1	6.1	6.7	-8.3%
New Zealand	2.1	1.3	1.5	2.1	0.0%
Singapore	0.9	0.6	0.6	1.4	15.9%
Papua New Guinea	4.2	1.4	1.5	1.3	-32.4%
Philippines	1.5	0.8	0.5	1.2	-7.2%
Germany	0.3	0.1	2.0	1.0	49.4%
United Arab Emirates	N/A	N/A	N/A	0.1	0%
Others	4.6	3.4	3.0	4.4	-1.5%
Total	22.4	13.7	15.2	18.2	-6.7%