Australia and Oceania: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Australia and Oceania

In 2023, the sugar-manufacturing industrial machinery market in Australia and Oceania increased by X% to $X, rising for the fifth consecutive year after three years of decline. Overall, consumption saw a prominent expansion. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in Australia and Oceania

In value terms, sugar-manufacturing industrial machinery production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports in Australia and Oceania

In 2023, overseas shipments of industrial machinery for the manufacture or preparation of sugar were finally on the rise to reach X units for the first time since 2018, thus ending a four-year declining trend. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, amounting to X units, which was approx. X% of total exports in 2023. New Zealand (X units) took a minor share of total exports.

Australia was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) remains the largest sugar-manufacturing industrial machinery supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, sugar-manufacturing industrial machinery exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2023, surging by X% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in Australia and Oceania

In 2023, the amount of industrial machinery for the manufacture or preparation of sugar imported in Australia and Oceania surged to X units, jumping by X% against 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2023. In general, imports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports remained at a lower figure.

Imports by Country

French Polynesia represented the key importer of industrial machinery for the manufacture or preparation of sugar in Australia and Oceania, with the volume of imports reaching X units, which was near X% of total imports in 2023. Australia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (X%), Papua New Guinea (X%) and New Caledonia (X%). New Zealand (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for French Polynesia (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Australia ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of sugar in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total imports. It was followed by Papua New Guinea, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Australia amounted to X%. In the other countries, the average annual rates were as follows: French Polynesia (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while New Caledonia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by French Polynesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform