Australia and Oceania: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in Australia and Oceania

In 2022, the gouges and chisels market in Australia and Oceania increased by 18% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Gouges And Chisels Production in Australia and Oceania

In value terms, gouges and chisels production soared to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 176%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Gouges And Chisels Exports

Exports in Australia and Oceania

In 2022, the amount of planes, chisels and gouges for working wood exported in Australia and Oceania reduced remarkably to X tons, waning by -28.3% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 224%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gouges and chisels exports dropped remarkably to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 106% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the main exporting country with an export of around X tons, which accounted for 70% of total exports. New Zealand (X tons) held the second position in the ranking, distantly followed by Fiji (X kg). All these countries together held near 29% share of total exports.

Exports from Australia increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Fiji (+43.5%) and New Zealand (+2.4%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +43.5% from 2012-2022. From 2012 to 2022, the share of Fiji increased by +7 percentage points.

In value terms, Australia ($X) remains the largest gouges and chisels supplier in Australia and Oceania, comprising 75% of total exports. The second position in the ranking was held by New Zealand ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-4.1% per year) and Fiji (+17.7% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, shrinking by -26.2% against the previous year. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 77%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-2.0%), while the other leaders experienced a decline in the export price figures.

Gouges And Chisels Imports

Imports in Australia and Oceania

In 2022, purchases abroad of planes, chisels and gouges for working wood increased by 5.1% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 65%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, gouges and chisels imports surged to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +57.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) represented the key importer of planes, chisels and gouges for working wood, mixing up 76% of total imports. It was distantly followed by New Zealand (X tons), creating a 14% share of total imports. Papua New Guinea (X tons) and Fiji (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gouges and chisels imports into Australia stood at -1.5%. At the same time, New Zealand (+9.8%), Fiji (+8.9%) and Papua New Guinea (+1.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.8% from 2012-2022. New Zealand (+8.6 p.p.) and Fiji (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -11.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported planes, chisels and gouges for working wood in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports. It was followed by Papua New Guinea, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +4.2%. In the other countries, the average annual rates were as follows: New Zealand (+9.6% per year) and Papua New Guinea (+4.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by 15% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gouges and chisels import price increased by +46.8% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 93% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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