Pumps; Parts Thereof Price in Australia - 2023
Contents:
- Pumps; Parts Thereof Price in Australia (CIF) - 2022
- Pumps; Parts Thereof Price in Australia (FOB) - 2022
- Pumps; Parts Thereof Imports in Australia
- Pumps; Parts Thereof Exports in Australia
Pumps; Parts Thereof Price in Australia (CIF) - 2022
The average pumps; parts thereof import price stood at $28,289 per ton in 2022, dropping by -11.3% against the previous year. In general, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 132%. The import price peaked at $31,908 per ton in 2021, and then fell in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($28,289 per ton) and India ($28,289 per ton), while the price for Sweden ($28,289 per ton) and Italy ($28,289 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Australia (FOB) - 2022
In 2022, the average pumps; parts thereof export price amounted to $43,132 per ton, with an increase of 7.4% against the previous year. Over the period under review, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69%. Over the period under review, the average export prices reached the peak figure at $51,871 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($93,440 per ton), while the average price for exports to the United Arab Emirates ($23,890 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 the United States (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Australia
In 2022, imports of pumps; parts thereoves into Australia surged to 9K tons, with an increase of 33% compared with the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, pumps; parts thereof imports skyrocketed to $255M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pumps; Parts Thereof in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.7 | 36.1 | 48.2 | 65.6 | 12.8% |
| United States | 42.1 | 36.2 | 34.8 | 46.8 | 3.6% |
| Germany | 16.6 | 20.2 | 19.3 | 20.2 | 6.8% |
| India | 8.8 | 8.0 | 13.6 | 16.0 | 22.1% |
| United Kingdom | 8.3 | 11.3 | 11.2 | 14.9 | 21.5% |
| Italy | 6.7 | 7.8 | 9.4 | 10.4 | 15.8% |
| South Africa | 6.2 | 4.5 | 6.4 | 9.4 | 14.9% |
| Japan | 7.7 | 8.6 | 11.3 | 8.7 | 4.2% |
| Sweden | 3.3 | 4.5 | 7.6 | 8.3 | 36.0% |
| Netherlands | 9.2 | 7.2 | 11.0 | 8.0 | -4.6% |
| Denmark | 4.8 | 4.7 | 5.2 | 7.3 | 15.0% |
| Canada | 6.8 | 4.7 | 4.3 | 5.0 | -9.7% |
| Others | 43.7 | 31.3 | 33.3 | 34.0 | -8.0% |
| Total | 210 | 185 | 216 | 255 | 6.7% |
Top Suppliers of Pumps; Parts Thereof to Australia in 2022:
- China (2317.7 tons)
- United States (1654.8 tons)
- Germany (713.0 tons)
- India (565.1 tons)
- United Kingdom (527.5 tons)
- Italy (367.9 tons)
- South Africa (331.8 tons)
- Japan (307.6 tons)
- Sweden (295.1 tons)
- Netherlands (283.3 tons)
- Denmark (257.5 tons)
- Canada (176.3 tons)
Pumps; Parts Thereof Exports in Australia
Pumps; parts thereof exports from Australia expanded rapidly to 3.1K tons in 2022, surging by 8% compared with the previous year's figure. Overall, total exports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, pumps; parts thereof exports skyrocketed to $132M in 2022. In general, exports, however, continue to indicate a mild curtailment.
| Export of Pumps; Parts Thereof in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 27.1 | 13.6 | 21.3 | 29.0 | 2.3% |
| Papua New Guinea | 23.2 | 18.1 | 16.6 | 17.4 | -9.1% |
| New Zealand | 12.4 | 12.6 | 15.3 | 15.9 | 8.6% |
| United States | 15.0 | 8.5 | 13.3 | 14.4 | -1.4% |
| Lao People's Democratic Republic | 2.5 | 2.6 | 5.2 | 6.8 | 39.6% |
| Philippines | 4.0 | 3.1 | 4.3 | 4.5 | 4.0% |
| China | 9.7 | 9.0 | 2.8 | 3.5 | -28.8% |
| Canada | 3.2 | 3.6 | 2.3 | 3.1 | -1.1% |
| South Africa | 2.5 | 1.8 | 2.5 | 2.6 | 1.3% |
| United Arab Emirates | 0.9 | 0.5 | 1.2 | 2.2 | 34.7% |
| Singapore | 1.9 | 1.3 | 1.5 | 2.0 | 1.7% |
| Others | 35.4 | 28.9 | 27.6 | 30.7 | -4.6% |
| Total | 138 | 103 | 114 | 132 | -1.5% |
Top Export Markets for Pumps; Parts Thereof from Australia in 2022:
- Indonesia (734.1 tons)
- Papua New Guinea (440.7 tons)
- New Zealand (388.6 tons)
- United States (349.2 tons)
- Philippines (110.9 tons)
- United Arab Emirates (91.9 tons)
- China (90.6 tons)
- Canada (87.5 tons)
- Lao People's Democratic Republic (73.1 tons)
- South Africa (63.4 tons)
- Singapore (54.8 tons)
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