Australia and Oceania: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Australia and Oceania

In 2021, the metal broaching machine market in Australia and Oceania decreased by -17.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption continues to indicate a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Metal Broaching Machine Production in Australia and Oceania

In value terms, metal broaching machine production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 2.2% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Metal Broaching Machine Exports

Exports in Australia and Oceania

Metal broaching machine exports reduced sharply to X units in 2021, waning by -50% against the previous year. Overall, exports recorded a sharp setback. The smallest decline of -33.3% was in 2018. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports fell rapidly to $X in 2021. In general, exports recorded a mild contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 561% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of broaching machines for working metal, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the broaching machines for working metal exports, with a CAGR of -23.5% from 2012 to 2021. Australia (+99 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, metal broaching machine exports expanded at an average annual rate of +4.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, picking up by 12% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2017 an increase of 891%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

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 +32.2% per year.

Metal Broaching Machine Imports

Imports in Australia and Oceania

In 2021, approx. X units of broaching machines for working metal were imported in Australia and Oceania; which is down by -45.1% against 2020 figures. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 155%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports fell markedly to $X in 2021. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 177%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, New Zealand (X units) was the largest importer of broaching machines for working metal, constituting 50% of total imports. It was distantly followed by Australia (X units), Fiji (X units) and New Caledonia (X units), together comprising a 46% share of total imports. Papua New Guinea (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal broaching machine imports into New Zealand stood at -15.2%. At the same time, Fiji (+32.0%) and New Caledonia (+8.0%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +32.0% from 2012-2021. By contrast, Papua New Guinea (-7.4%) and Australia (-28.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Fiji, New Caledonia, New Zealand and Papua New Guinea increased by +14, +13, +12 and +2.4 percentage points, respectively.

In value terms, New Zealand ($X), Australia ($X) and New Caledonia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 93% of total imports. Papua New Guinea and Fiji lagged somewhat behind, together accounting for a further 7%.

Papua New Guinea, with a CAGR of +4.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, shrinking by -58.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 267% against the previous year. The level of import peaked at $X per unit in 2020, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+13.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :