Australia and Oceania: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Australia and Oceania

In 2021, the wood bending machine market in Australia and Oceania decreased by -27.6% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Wood Bending Machine Production in Australia and Oceania

In value terms, wood bending machine production surged to $X in 2021 estimated in export price. Over the period under review, production showed noticeable growth. The most prominent rate of growth was recorded in 2013 with an increase of 5,210%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Wood Bending Machine Exports

Exports in Australia and Oceania

Wood bending machine exports declined dramatically to X units in 2021, dropping by -76.9% on the previous year. Over the period under review, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 107%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood bending machine exports dropped rapidly to $X in 2021. Overall, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 162% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units) represented roughly 100% of total exports in 2021.

Australia was also the fastest-growing in terms of the bending or assembling machines exports, with a CAGR of -22.6% from 2012 to 2021. From 2012 to 2021, the share of Australia increased by +29 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest wood bending machine supplier in Australia and Oceania.

In Australia, wood bending machine exports shrank by an average annual rate of -16.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, jumping by 80% against the previous year. Over the period under review, the export price showed perceptible growth. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +7.8% per year.

Wood Bending Machine Imports

Imports in Australia and Oceania

In 2021, approx. X units of bending or assembling machines were imported in Australia and Oceania; with a decrease of -22.8% compared with the previous year. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 186% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wood bending machine imports declined sharply to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 189% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia dominates imports structure, accounting for X units, which was approx. 80% of total imports in 2021. New Zealand (X units) ranks second in terms of the total imports with a 7.3% share, followed by Palau (5.1%). Fiji (X units) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wood bending machine imports into Australia stood at -7.0%. At the same time, New Zealand (+6.5%) and Fiji (+4.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.5% from 2012-2021. By contrast, Palau (-12.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand and Fiji increased by +5.1 and +2.3 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported bending or assembling machines in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was held by New Zealand ($X), with a 27% share of total imports. It was followed by Fiji, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -9.3%. In the other countries, the average annual rates were as follows: New Zealand (+4.0% per year) and Fiji (+1.0% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, declining by -26.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 91%. As a result, import price attained the peak level of $X per unit, and then fell notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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