Demand for road making equipment surges in May
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Australia’s appetite for heavy machinery soared in May with the overall volume of inbound shipments jumping 40% as demand for road making equipment exceeded excavators for the first time in 12 months. |
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Photo: International Export Group
A six-fold increase in the number of road making/paving and public works equipment bolstered the total heavy machinery to 2564 units from 1832 in April and 2524 in March, Skelton Sherborne’s barometer of imported machinery showed.
It is the first time imported road making machinery has surpassed excavators <12 tonnes since the shipping index began in June 2009.
Road making type equipment, the single biggest contributor to overall imports, surged to 680 units from 107 units, tracked cranes jumped 69 units from April to 70 units, graders increased 53% to 49 units and mobile cranes rose 40% to 7 units.
Excavators weighing less than 12 tonnes accounted for 18% of the month’s imports with 477 units coming second to road making equipment’s contribution of 27%.
While not tracked in this index, Skelton Sherborne said it was also seeing a rise in demand for mining equipment in Australia from overseas.
“Canadian dealers [are] being more enterprising than most in looking in Australia for mining equipment that they believe may soon be surplus should the Federal Government’s mining tax go through.”
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