Australia and Oceania: Sealed Beam Market 2024

Sealed Beam Market Size in Australia and Oceania

The sealed beam market in Australia and Oceania shrank to $X in 2023, falling by X% against the previous year. Over the period under review, consumption showed a mild descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Sealed Beam Production in Australia and Oceania

In value terms, sealed beam production dropped to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a slight decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Sealed Beam Exports

Exports in Australia and Oceania

In 2023, after four years of growth, there was significant decline in overseas shipments of sealed beam lamp units, when their volume decreased by X% to X units. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. The volume of export peaked at X units in 2022, and then contracted rapidly in the following year.

In value terms, sealed beam exports declined sharply to $X in 2023. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Australia dominates exports structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by New Zealand (X units), generating a X% share of total exports.

Australia was also the fastest-growing in terms of the sealed beam lamp units exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest sealed beam supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per unit, and then contracted sharply in the following year.

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 New Zealand ($X per unit), while Australia amounted to $X per unit.

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

Sealed Beam Imports

Imports in Australia and Oceania

In 2023, purchases abroad of sealed beam lamp units decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, sealed beam imports reduced to $X in 2023. Overall, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

New Zealand represented the largest importer of sealed beam lamp units in Australia and Oceania, with the volume of imports recording X units, which was approx. X% of total imports in 2023. It was distantly followed by Australia (X units), committing a X% share of total imports. Nauru (X units), Samoa (X units), Fiji (X units) and French Polynesia (X units) held a relatively small share of total imports.

Imports into New Zealand decreased at an average annual rate of X% from 2012 to 2023. At the same time, Nauru (X%) and French Polynesia (X%) displayed positive paces of growth. Moreover, Nauru emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. Samoa experienced a relatively flat trend pattern. By contrast, Fiji (X%) and Australia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nauru, New Zealand, French Polynesia and Samoa increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Fiji, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform