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. source: Australian Bureau of Statistics

Import Prices in Australia averaged 93.66 points from 1981 until 2020, 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 April of 2021.

Import Prices in Australia is expected to be 111.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Import Prices in Australia to stand at 113.00 in 12 months time. In the long-term, the Australia Import Prices is projected to trend around 112.50 points in 2021 and 111.00 points in 2022, according to our econometric models.

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Australia Import Prices

Actual Previous Highest Lowest Dates Unit Frequency
105.90 107.00 116.30 51.50 1981 - 2020 points Quarterly
2011-2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 01:30 AM Q1 -1% 0.7% 0.5%
2020-07-30 01:30 AM Q2 -1.9% -1% -1.8%
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%


News Stream
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 Fall the Most Since 2016
Australia's import prices decreased by 1.9 percent quarter-on-quarter in the June quarter of 2020, the steepest decline since the first quarter 2016, after a 1 percent drop in the previous quarter. Main contributors to the fall were: petroleum, petroleum products and related materials (-32.5 percent), non-ferrous metals (-5.6 percent), and coffee, tea, cocoa spices and manufactures thereof (-3.6 percent). Offsetting the rises were: road vehicles (including air-cushion vehicles) (2.0 percent); and gold, non-monetary (8.3 percent). Through the year to June 2020, import prices declined by 1.9 percent.
2020-07-30
Australia Q1 Import Prices Fall 1% QoQ
Australia's import prices declined by 1 percent quarter-on-quarter in the March quarter of 2020, after a 0.7 percent gain in the previous quarter. Main contributors to the fall were: petroleum, petroleum products and related materials (-11.1 percent), inorganic chemical (-11.8 percent), and road vehicles, including air-cushion vehicles (-0.6 percent). Offsetting the rises were: gold, non-monetary excluding gold ores and concentrates (11.2 percent); and telecommunications and sound recording and reproducing apparatus and equipment (1.6 percent). Through the year to March 2020, import prices rose by 0.9 percent.
2020-04-30

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.