Australia and Oceania: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Australia and Oceania

In 2022, after six years of growth, there was significant decline in the electric soldering iron market in Australia and Oceania, when its value decreased by X% to $X. In general, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Electric Soldering Iron Production in Australia and Oceania

In value terms, electric soldering iron production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Electric Soldering Iron Exports

Exports in Australia and Oceania

In 2022, shipments abroad of electric soldering irons and guns decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, electric soldering iron exports dropped notably to $X in 2022. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Australia prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X units), committing a X% share of total exports. Fiji (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electric soldering iron exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Fiji (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest electric soldering iron supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, electric soldering iron exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Fiji (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, showed a mild contraction. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Electric Soldering Iron Imports

Imports in Australia and Oceania

Electric soldering iron imports dropped sharply to X units in 2022, reducing by X% compared with 2021. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then fell rapidly in the following year.

In value terms, electric soldering iron imports dropped notably to $X in 2022. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

Australia represented the key importing country with an import of about X units, which reached X% of total imports. It was distantly followed by New Zealand (X units), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric soldering iron imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported electric soldering irons and guns in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, flattening at the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric soldering iron import price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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