Australia and Oceania: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Australia and Oceania

In 2021, the machine-tool for removing material market in Australia and Oceania increased by 46% to $X, rising for the third consecutive year after four years of decline. Overall, consumption posted a strong increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Machine-Tools For Working Any Material By Removal Of Material in Australia and Oceania

In value terms, machine-tool for removing material production declined to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Australia and Oceania

In 2021, machine-tool for removing material exports in Australia and Oceania dropped markedly to X units, which is down by -15.1% on the previous year's figure. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 24%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports soared to $X in 2021. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 110%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, finishing at X units, which was approx. 92% of total exports in 2021. It was distantly followed by New Zealand (X units), mixing up a 7.8% share of total exports.

Exports from Australia decreased at an average annual rate of -9.1% 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 exporter exported in Australia and Oceania, with a CAGR of +5.0% from 2012-2021. While the share of New Zealand (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-5.5 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest machine-tool for removing material supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was taken by Australia ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand amounted to +39.2%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, growing by 53% against the previous year. Overall, the export price posted a significant increase. The pace of growth appeared the most rapid in 2018 an increase of 131% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+32.6%).

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Australia and Oceania

In 2021, supplies from abroad of machine-tools for working any material by removal of material increased by 73% to X units, rising for the fourth year in a row after three years of decline. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 76% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. In general, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X units) represented roughly 99% of total imports in 2021.

Australia was also the fastest-growing in terms of the machine-tools for working any material by removal of material imports, with a CAGR of +16.4% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in Australia and Oceania.

In Australia, machine-tool for removing material imports increased at an average annual rate of +8.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, declining by -3.1% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, 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 -7.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :