Australia's import prices rose by 1.9 percent quarter-on-quarter in Q2 2021 after gaining 0.2 percent in Q1. This was the second straight quarter of growth in import prices, amid a faster recovery in the economy from the coronavirus. Main contributors to the rise were: petroleum, petroleum products, and related materials (10.2%), led by stronger oil demand and reduced global supply; fertilizers (excluding crude) (18.3%), driven by strong global and domestic demand amid favorable planting conditions; iron and steel (11.8%), due to global construction demand outpacing supply; non-ferrous metals (8.9%), lifted by strong demand in both manufacturing and construction globally; and plastic in primary form (12.8%), on strong demand and constrained supply. The main offsetting contributor was: telecommunications and sound recording equipment (-2.9%), due to the discounting of older model mobile phones. source: Australian Bureau of Statistics

Import Prices in Australia averaged 94.10 points from 1981 until 2021, reaching an all time high of 116.30 points in the second quarter of 2001 and a record low of 51.50 points in the third quarter of 1981. This page provides the latest reported value for - Australia Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Import Prices - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Import Prices in Australia is expected to be 113.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Import Prices is projected to trend around 111.00 points in 2022, according to our econometric models.

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Australia Import Prices

Actual Previous Highest Lowest Dates Unit Frequency
108.10 106.10 116.30 51.50 1981 - 2021 points Quarterly
2011-2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 12:30 AM Q3 -3.5% -1.9% 1.5%
2021-01-28 12:30 AM Q4 -1% -3.5% -2.4% -2.3%
2021-04-29 01:30 AM Q1 0.2% -1% 1.1%
2021-07-29 01:30 AM Q2 1.9% 0.2% 1.3%


News Stream
Australia Q2 Import Prices Rise for 2nd Straight Quarter
Australia's import prices rose by 1.9 percent quarter-on-quarter in Q2 2021 after gaining 0.2 percent in Q1. This was the second straight quarter of growth in import prices, amid a faster recovery in the economy from the coronavirus. Main contributors to the rise were: petroleum, petroleum products, and related materials (10.2%), led by stronger oil demand and reduced global supply; fertilizers (excluding crude) (18.3%), driven by strong global and domestic demand amid favorable planting conditions; iron and steel (11.8%), due to global construction demand outpacing supply; non-ferrous metals (8.9%), lifted by strong demand in both manufacturing and construction globally; and plastic in primary form (12.8%), on strong demand and constrained supply. The main offsetting contributor was: telecommunications and sound recording equipment (-2.9%), due to the discounting of older model mobile phones.
2021-07-29
Australia Q1 Import Prices Rise for 1st Time in 5 Quarters
Australia's import prices went up 0.2 percent quarter-on-quarter in Q1 2021, shifting from a 1 percent drop in Q4. This was the first growth in import prices since Q4 2019, as the economy recovered from the coronavirus. Main contributors to the rise were: petroleum, petroleum products, and related materials (26.3%), driven by stronger oil demand and reduced global supply; and road vehicles (0.6%), driven by increased demand for new passenger vehicles. Offsetting contributors were: telecommunications and sound recording equipment (-6.1%), due to the discounting of older model mobile phones; gold, non-monetary (-9.6%), due to continued easing of global uncertainty; office machines and ADP machines (-6.1%), due to the impact of exchange rates and the appreciating AUD. Through the year to Q1, import prices fell 6.2%.
2021-04-29
Australia Q4 Import Prices Drop Less than Estimated
Australia's import prices fell by 1 percent quarter-on-quarter in Q4 2020, compared with market expectations of a 2.4 percent decline and after a 3.5 percent drop in Q3. This was the fourth straight quarter of decrease in import prices, amid ongoing COVID-19 disruption. Main contributors to the falls were: inorganic chemicals (-33.1%), driven by an abundant international supply of caustic soda; medicinal and pharmaceutical products (-3.3%), recorded falls in prices of vaccines for the treatment of pneumococcal disease; and gold non-monetary (-3.8%), due to easing global uncertainty. Offsetting contributors were: telecommunications and sound recording equipment (3.3%); and fertilizers, excluding crude (+15.7%). Through the year to Q4, import prices dropped 7.3 percent.
2021-01-28
Australia Import Prices Drop the Most in Nearly A Decade
Australia's import prices decreased by 3.5 percent quarter-on-quarter in the three months ended September of 2020, the steepest decline since the December quarter of 2010, after a 1.9 percent drop in the previous period, amid the coronavirus pandemic. Main contributors to the decline were: telecommunications and sound recording equipment (-7.2 percent), due to delays in new phone model releases and discounting to older models; office machines and ADP machines (-8.7 percent); and articles of apparel and clothing (-8.5 percent), amid the impact of exchange rates on prices and discounting of stock. The main offsetting contributors were: petroleum, petroleum products and related materials (5.2 percent); gold, non-monetary (2.3 percent); and non-ferrous metals (6.7 percent). Through the year to September 2020, import prices declined by 5.7 percent.
2020-10-29

Australia Import Prices
In Australia, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.