Australia and Oceania: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Australia and Oceania

In 2021, the lathe for removing metal market in Australia and Oceania decreased by -20.9% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a abrupt slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Australia and Oceania

In value terms, lathe for removing metal production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 145% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in Australia and Oceania

For the sixth consecutive year, Australia and Oceania recorded growth in shipments abroad of lathes for removing metal, which increased by 48% to X units in 2021. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 358% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, lathe for removing metal exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 724% against the previous year. Over the period under review, the lafor removing metal exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Australia (X units) represented the main exporter of lathes for removing metal in Australia and Oceania, constituting 99.9% of total export.

Australia was also the fastest-growing in terms of the lathes for removing metal exports, with a CAGR of +22.5% from 2012 to 2021. Australia (+11 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest lathe for removing metal supplier in Australia and Oceania.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -7.2%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, growing by 16% against the previous year. Overall, the export price, however, saw a significant decline. The pace of growth appeared the most rapid in 2018 when the export price increased by 650% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -24.3% per year.

Imports of Lathes For Removing Metal

Imports in Australia and Oceania

In 2021, imports of lathes for removing metal in Australia and Oceania rose markedly to X units, with an increase of 11% against the previous year. Total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.0% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports skyrocketed to $X in 2021. Overall, imports, however, recorded a slight decrease. Over the period under review, lafor removing metal imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Australia dominates imports structure, resulting at X units, which was approx. 92% of total imports in 2021. It was distantly followed by New Zealand (X units), creating a 7.4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to lathe for removing metal imports into Australia stood at +1.0%. At the same time, New Zealand (+25.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +25.7% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +6.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported lathes for removing metal in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports.

In Australia, lathe for removing metal imports decreased by an average annual rate of -2.6% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, with an increase of 49% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 Australia (-3.6%).

Source: IndexBox Platform

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