Australia and Oceania: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Australia and Oceania

The market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) in Australia and Oceania shrank notably to $X in 2022, dropping by -31.2% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Australia and Oceania

In value terms, production of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 38%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in overseas shipments of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels), which decreased by -47.3% to X tons in 2022. Overall, exports showed a significant contraction. The growth pace was the most rapid in 2017 with an increase of 7.1% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) reduced sharply to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 19%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand was the largest exporter of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) in Australia and Oceania, with the volume of exports recording X tons, which was approx. 84% of total exports in 2022. It was distantly followed by Australia (X tons), committing a 16% share of total exports.

Exports from New Zealand decreased at an average annual rate of -24.1% from 2012 to 2022. Australia (-15.6%) illustrated a downward trend over the same period. While the share of Australia (+9.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-10.3 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) supplier in Australia and Oceania, comprising 83% of total exports. The second position in the ranking was held by Australia ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value in New Zealand amounted to -17.8%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, jumping by 45% against the previous year. Overall, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.5%).

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports in Australia and Oceania

In 2022, approx. X tons of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) were imported in Australia and Oceania; declining by -70.7% against the previous year's figure. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 21% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) contracted dramatically to $X in 2022. Over the period under review, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Australia dominates panels) structure, recording X tons, which was approx. 86% of total imports in 2022. It was distantly followed by New Zealand (X tons), achieving a 5.5% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wooden builders' joinery and carpentry (excl. windows, doors, posts and beams, assembled flooring panels) imports into Australia stood at -11.6%. At the same time, New Zealand (+8.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.6% from 2012-2022. By contrast, New Caledonia (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand and New Caledonia increased by +4.8 and +2.3 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) in Australia and Oceania, comprising 87% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 5.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled -5.2%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+7.2% per year) and New Caledonia (+2.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of 53% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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