Price of Coffee Machines in Australia Rises by 8% and Reaches an Average of $140

Price of Coffee Machines in Australia Rises by 8% and Reaches an Average of $140

In June 2023, the average domestic coffee machine price in Australia increased by 7.7% compared to the previous month, reaching $140 per unit (CIF, Australia). Although there was some fluctuation in import prices during the review period, overall, the import price showed a relatively flat trend. The most significant monthly growth in import price occurred in March 2023, with a 19% increase. However, import prices failed to regain momentum from September 2022 to June 2023 after reaching a peak of $159 per unit in August 2022. Prices varied depending on the country of origin, with Romania having the highest price at $219 per unit and Ukraine having one of the lowest prices at $62.3 per unit. Hungary experienced the most notable rate of growth in terms of prices, with an increase of 2.5% from June 2022 to June 2023, while other major suppliers had more modest growth rates. During June 2023, Australia recorded a decline in imports of domestic electric coffee or tea makers for the third consecutive month, with a decrease of 9.4% to 73K units. Imports reached a record high of 144K units in August 2022 but remained at a lower figure from September 2022 to June 2023. In terms of value, imports slightly reduced to $10M in June 2023. China, Hungary, and Ukraine were the main suppliers of domestic coffee machine imports to Australia, accounting for a combined 77% share of total imports. Switzerland showed the highest rate of growth in import quantity, while the value of imports was mainly contributed by Hungary, China, and Italy. During the review period, Hungary recorded the highest growth rate in the value of imports.

Source: IndexBox Market Intelligence Platform

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