Australia and Oceania: Market for Machine-Tools For Working Wood 2024

Exports of Machine-Tools For Working Wood

Exports in Australia and Oceania

Machine-tool for working wood exports surged to X tons in 2021, rising by 74% on 2020. Total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2013; afterwards, it flattened through to 2021.

In value terms, machine-tool for working wood exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.7% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from New Zealand (X tons) and Australia (X tons), together amounting to 100% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by New Zealand (with a CAGR of +11.9%).

In value terms, the largest machine-tool for working wood supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of +16.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, almost unchanged from the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for working wood export price increased by +74.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 63%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then declined slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.0%).

Imports of Machine-Tools For Working Wood

Imports in Australia and Oceania

In 2021, purchases abroad of machine-tools for working wood increased by 38% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working wood imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the largest importing country with an import of about X tons, which resulted at 78% of total imports. It was distantly followed by New Zealand (X tons), constituting a 19% share of total imports. Papua New Guinea (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for working wood imports into Australia stood at +3.1%. At the same time, New Zealand (+5.2%) and Papua New Guinea (+1.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.2% from 2012-2021. While the share of New Zealand (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported machine-tools for working wood in Australia and Oceania, comprising 76% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 21% share of total imports.

In Australia, machine-tool for working wood imports increased at an average annual rate of +6.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+9.1% per year) and Papua New Guinea (-3.1% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 16%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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