Australia and Oceania: Market for Grinding, Sanding and Polishing Machines 2024

Exports of Grinding, Sanding and Polishing Machines

Exports in Australia and Oceania

In 2021, the amount of grinding, sanding and polishing machines exported in Australia and Oceania shrank to X units, declining by -7.7% compared with the year before. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 281%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports reduced to $X in 2021. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 101% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia was the largest exporting country with an export of around X units, which recorded 82% of total exports. Fiji (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by New Zealand (6.8%).

Exports from Australia decreased at an average annual rate of -13.3% from 2012 to 2021. At the same time, Fiji (+60.8%) and New Zealand (+6.7%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +60.8% from 2012-2021. While the share of Fiji (+11 p.p.) and New Zealand (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-13.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest grinding, sanding and polishing machine supplier in Australia and Oceania, comprising 79% of total exports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -12.6%. In the other countries, the average annual rates were as follows: New Zealand (+1.0% per year) and Fiji (+54.9% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 117%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Grinding, Sanding and Polishing Machines

Imports in Australia and Oceania

Grinding, sanding and polishing machine imports soared to X units in 2021, jumping by 15% on 2020. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 31% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia was the key importer of grinding, sanding and polishing machines in Australia and Oceania, with the volume of imports recording X units, which was near 65% of total imports in 2021. Fiji (X units) took the second position in the ranking, distantly followed by New Zealand (X units) and Marshall Islands (X units). All these countries together took approx. 32% share of total imports. Samoa (X units) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of grinding, sanding and polishing machines. At the same time, Marshall Islands (+1,051.2%), Fiji (+19.4%), Samoa (+7.9%) and New Zealand (+2.4%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +1,051.2% from 2012-2021. From 2012 to 2021, the share of Fiji and Marshall Islands increased by +15 and +4.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported grinding, sanding and polishing machines in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total imports. It was followed by Marshall Islands, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +4.5%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-4.1% per year) and Marshall Islands (+150.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, increasing by 2.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 21% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Marshall Islands (+53.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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