Australia and Oceania: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Australia and Oceania

The non-numerically controlled sharpening machine market in Australia and Oceania dropped slightly to $X in 2022, almost unchanged from the previous year. Overall, consumption recorded tangible growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Australia and Oceania

In value terms, non-numerically controlled sharpening machine production declined to $X in 2022 estimated in export price. Overall, production, however, saw a slight expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 234% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in Australia and Oceania

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were exported in Australia and Oceania; falling by -42.8% against 2021. Overall, exports recorded a deep slump. The growth pace was the most rapid in 2015 with an increase of 1,109%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports rose significantly to $X in 2022. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 910% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, reaching X units, which was approx. 96% of total exports in 2022. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the non-numerically controlled sharpening machines for working metal exports, with a CAGR of -6.8% from 2012 to 2022. New Zealand (-14.6%) illustrated a downward trend over the same period. While the share of Australia (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) emerged as the largest non-numerically controlled sharpening machine supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled -4.1%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, surging by 100% against the previous year. Overall, the export price saw a pronounced expansion. The pace of growth was the most pronounced in 2016 when the export price increased by 765%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+13.2%).

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in Australia and Oceania

In 2022, the amount of non-numerically controlled sharpening machines for working metal imported in Australia and Oceania surged to X units, picking up by 19% against the previous year. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, non-numerically controlled sharpening machine imports surged to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 44%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Australia represented the largest importer of non-numerically controlled sharpening machines for working metal in Australia and Oceania, with the volume of imports resulting at X units, which was approx. 74% of total imports in 2022. It was distantly followed by New Zealand (X units), generating a 22% share of total imports. French Polynesia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-numerically controlled sharpening machine imports into Australia stood at +2.7%. At the same time, French Polynesia (+46.4%) and New Zealand (+7.2%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +46.4% from 2012-2022. From 2012 to 2022, the share of New Zealand and French Polynesia increased by +6.2 and +1.6 percentage points, respectively.

In value terms, Australia ($X), New Zealand ($X) and French Polynesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 99% share of total imports.

French Polynesia, with a CAGR of +21.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2019 an increase of 19% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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