Australia and Oceania: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Australia and Oceania

In 2021, after two years of growth, there was significant decline in the horizontal machining centre market in Australia and Oceania, when its value decreased by -6.9% to $X. Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Horizontal Machining Centre Production in Australia and Oceania

In value terms, horizontal machining centre production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 159%. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Horizontal Machining Centre Exports

Exports in Australia and Oceania

In 2021, exports of horizontal machining centres for working metal in Australia and Oceania contracted rapidly to X units, which is down by -95.9% compared with the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 2,200%. As a result, the exports reached the peak of X units, and then fell significantly in the following year.

In value terms, horizontal machining centre exports surged to $X in 2021. Overall, exports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 734%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, recording X units, which was near 98% of total exports in 2021. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the horizontal machining centres for working metal exports, with a CAGR of +5.1% from 2012 to 2021. New Zealand (-27.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +37 percentage points.

In value terms, Australia ($X) remains the largest horizontal machining centre supplier in Australia and Oceania, comprising 100% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +12.8%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, increasing by 2,773% against the previous year. In general, the export price posted a tangible expansion. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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 Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.4%).

Horizontal Machining Centre Imports

Imports in Australia and Oceania

In 2021, imports of horizontal machining centres for working metal in Australia and Oceania skyrocketed to X units, rising by 33% compared with the previous year's figure. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 38%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, horizontal machining centre imports surged to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 40%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Australia represented the key importing country with an import of about X units, which finished at 75% of total imports. It was distantly followed by New Zealand (X units), comprising a 25% share of total imports.

Imports into Australia increased at an average annual rate of +4.1% from 2012 to 2021. At the same time, New Zealand (+5.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.0% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported horizontal machining centres for working metal in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +2.2%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, with an increase of 2.6% against the previous year. Over the period under review, the import price, however, showed a slight decline. The pace of growth appeared the most rapid in 2017 an increase of 27%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.0%).

Source: IndexBox Platform

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