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

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

The numerically controlled sharpening machine market in Australia and Oceania reduced to $X in 2022, waning by -11.7% against the previous year. Overall, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, numerically controlled sharpening machine production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 2.1% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in Australia and Oceania

In 2022, numerically controlled sharpening machine exports in Australia and Oceania surged to X units, rising by 122% against 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 4,388% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, numerically controlled sharpening machine exports skyrocketed to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2015 when exports increased by 962%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Australia (X units) represented roughly 100% of total exports in 2022.

Australia was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal exports, with a CAGR of +92.7% from 2012 to 2022. From 2012 to 2022, the share of Australia increased by +62 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest numerically controlled sharpening machine supplier in Australia and Oceania.

In Australia, numerically controlled sharpening machine exports increased at an average annual rate of +121.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, growing by 25% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by 26,260% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +15.0% per year.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in Australia and Oceania

In 2022, numerically controlled sharpening machine imports in Australia and Oceania soared to X units, picking up by 54% against the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 783%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports surged to $X in 2022. Over the period under review, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the largest importer of numerically controlled sharpening machines for working metal in Australia and Oceania, with the volume of imports accounting for X units, which was near 59% of total imports in 2022. It was distantly followed by New Zealand (X units), comprising a 33% share of total imports. Papua New Guinea (X units), French Polynesia (X units) and Samoa (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported numerically controlled sharpening machines for working metal in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with a 25% share of total imports. It was followed by French Polynesia, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +9.3%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+44.6% per year) and French Polynesia (+4.4% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, with an increase of 117% against the previous year. In general, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2015 when the import price increased by 486%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while Samoa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (+40.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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