Australia and Oceania: Metal Honing Machine Market 2025

Metal Honing Machine Market Size in Australia and Oceania

In 2021, the metal honing machine market in Australia and Oceania decreased by -55.9% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Honing Machine Production in Australia and Oceania

In value terms, metal honing machine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw strong growth. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Honing Machine Exports

Exports in Australia and Oceania

In 2021, approx. X units of honing or lapping machines for working metal were exported in Australia and Oceania; declining by -73.7% compared with 2020 figures. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 3,800%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal honing machine exports reduced to $X in 2021. Overall, exports recorded a sharp contraction. The growth pace was the most rapid in 2017 with an increase of 645%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand was the key exporter of honing or lapping machines for working metal in Australia and Oceania, with the volume of exports reaching X units, which was approx. 60% of total exports in 2021. It was distantly followed by Australia (X units), making up a 40% share of total exports.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +8.0%).

In value terms, New Zealand ($X) remains the largest metal honing machine supplier in Australia and Oceania, comprising 67% of total exports. The second position in the ranking was taken by Australia ($X), with a 33% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand amounted to +23.8%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, growing by 246% against the previous year. Overall, the export price, however, saw a drastic downturn. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+12.3%).

Metal Honing Machine Imports

Imports in Australia and Oceania

After two years of growth, supplies from abroad of honing or lapping machines for working metal decreased by -59.6% to X units in 2021. In general, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by 135% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, metal honing machine imports declined markedly to $X in 2021. Over the period under review, imports saw a deep slump. The growth pace was the most rapid in 2015 with an increase of 64% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia was the major importer of honing or lapping machines for working metal in Australia and Oceania, with the volume of imports recording X units, which was near 80% of total imports in 2021. It was distantly followed by New Zealand (X units), constituting a 17% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal honing machine imports into Australia stood at -5.8%. At the same time, Papua New Guinea (+27.7%) and New Zealand (+11.5%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +27.7% from 2012-2021. From 2012 to 2021, the share of New Zealand and Papua New Guinea increased by +12 and +1.8 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported honing or lapping machines for working metal in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -16.7%. In the other countries, the average annual rates were as follows: New Zealand (+5.0% per year) and Papua New Guinea (+7.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, jumping by 57% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2014 when the import price increased by 82%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Papua New Guinea ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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