Australia and Oceania: Working Wire Machine Market 2024

Working Wire Machine Market Size in Australia and Oceania

In 2021, the working wire machine market in Australia and Oceania was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a pronounced slump. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Working Wire Machine Production in Australia and Oceania

In value terms, working wire machine production expanded to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 decreased by -13.1% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Working Wire Machine Exports

Exports in Australia and Oceania

In 2021, overseas shipments of machines for working wire increased by 18% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 791%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, working wire machine exports declined slightly to $X in 2021. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 916% against the previous year. The level of export peaked at $X in 2020, and then dropped modestly in the following year.

Exports by Country

New Zealand prevails in exports structure, amounting to X units, which was near 94% of total exports in 2021. It was distantly followed by Australia (X units), generating a 5.8% share of total exports.

New Zealand was also the fastest-growing in terms of the machines for working wire exports, with a CAGR of +11.9% from 2012 to 2021. At the same time, Australia (+3.0%) displayed positive paces of growth. New Zealand (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -5.6% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest working wire machine supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was taken by Australia ($X), with a 4.4% share of total exports.

In New Zealand, working wire machine exports expanded at an average annual rate of +12.7% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, declining by -16.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 27%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices failed to regain momentum.

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 stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.8%).

Working Wire Machine Imports

Imports in Australia and Oceania

In 2021, overseas purchases of machines for working wire increased by 53% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a slight contraction. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports surged to $X in 2021. Overall, imports recorded a prominent expansion. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Australia prevails in imports structure, accounting for X units, which was near 93% of total imports in 2021. It was distantly followed by New Zealand (X units), generating a 5.3% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of machines for working wire. At the same time, New Zealand (+23.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +23.1% from 2012-2021. From 2012 to 2021, the share of Australia and New Zealand increased by +13 and +4.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported machines for working wire in Australia and Oceania, comprising 92% of total imports. The second position in the ranking was held by New Zealand ($X), with a 7.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to +16.9%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, jumping by 118% against the previous year. Overall, the import price recorded a resilient expansion. The growth pace was the most rapid in 2015 when the import price increased by 283%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+16.3%).

Source: IndexBox Platform

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