Australia and Oceania: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Australia and Oceania

The numerically controlled drilling machine market in Australia and Oceania shrank to $X in 2021, with a decrease of -8.9% against the previous year. Overall, consumption, however, enjoyed a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Australia and Oceania

In value terms, numerically controlled drilling machine production declined remarkably to $X in 2021 estimated in export price. Overall, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 165%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Australia and Oceania

In 2021, overseas shipments of numerically controlled drilling machines for working metal increased by 20% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 109%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. In general, exports, however, faced a drastic downturn. The growth pace was the most rapid in 2013 when exports increased by 82% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand was the largest exporting country with an export of about X tons, which recorded 71% of total exports. It was distantly followed by Australia (X tons), making up a 29% share of total exports.

New Zealand was also the fastest-growing in terms of the numerically controlled drilling machines for working metal exports, with a CAGR of +32.7% from 2012 to 2021. Australia (-19.6%) illustrated a downward trend over the same period. New Zealand (+68 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -68.4% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest numerically controlled drilling machine supplier in Australia and Oceania, comprising 67% of total exports. The second position in the ranking was held by Australia ($X), with a 33% share of total exports.

In New Zealand, numerically controlled drilling machine exports contracted by an average annual rate of -4.9% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 9.7% against the previous year. In general, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 59%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 (-6.8%).

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Australia and Oceania

In 2021, approx. X tons of numerically controlled drilling machines for working metal were imported in Australia and Oceania; reducing by -1.7% compared with the year before. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2019 when imports increased by 261% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports contracted to $X in 2021. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 260%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) represented the major importer of numerically controlled drilling machines for working metal, generating 89% of total imports. It was distantly followed by New Zealand (X tons), generating a 10% share of total imports.

Australia was also the fastest-growing in terms of the numerically controlled drilling machines for working metal imports, with a CAGR of +11.5% from 2012 to 2021. New Zealand experienced a relatively flat trend pattern. While the share of Australia (+20 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-12.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total imports.

In Australia, numerically controlled drilling machine imports increased at an average annual rate of +11.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, waning by -4.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 46%. The level of import peaked at $X per ton in 2020, and then contracted slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.2%).

Source: IndexBox Platform

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