Australia and Oceania: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Australia and Oceania

The wood milling machine market in Australia and Oceania totaled $X in 2021, surging by 10% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Wood Milling Machine Production in Australia and Oceania

In value terms, wood milling machine production stood at $X in 2021 estimated in export price. Overall, production recorded a precipitous setback. The pace of growth was the most pronounced in 2014 when the production volume increased by 121%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports in Australia and Oceania

In 2021, after four years of decline, there was significant growth in shipments abroad of planing, milling or moulding machines, when their volume increased by 944% to X units. Over the period under review, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wood milling machine exports surged to $X in 2021. In general, exports enjoyed buoyant growth. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the major exporter of planing, milling or moulding machines in Australia and Oceania, with the volume of exports resulting at X units, which was near 73% of total exports in 2021. It was distantly followed by New Zealand (X units), creating a 27% share of total exports.

Australia was also the fastest-growing in terms of the planing, milling or moulding machines exports, with a CAGR of -5.4% from 2012 to 2021. New Zealand (-9.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +9 percentage points.

In value terms, the largest wood milling machine supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

New Zealand, with a CAGR of +23.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, increasing by 38% against the previous year. In general, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2018 when the export price increased by 177% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices 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 totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+37.2%).

Wood Milling Machine Imports

Imports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded growth in supplies from abroad of planing, milling or moulding machines, which increased by 28% to X units in 2021. In general, imports posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 46% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, wood milling machine imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, finishing at X units, which was approx. 87% of total imports in 2021. It was distantly followed by New Zealand (X units), constituting a 9.2% share of total imports. Fiji (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the planing, milling or moulding machines imports, with a CAGR of +12.7% from 2012 to 2021. At the same time, Fiji (+4.0%) and New Zealand (+3.0%) displayed positive paces of growth. Australia (+18 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -7.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported planing, milling or moulding machines in Australia and Oceania, comprising 80% of total imports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total imports.

In Australia, wood milling machine imports expanded at an average annual rate of +5.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+0.6% per year) and Fiji (-13.5% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, which is down by -2.1% against the previous year. In general, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2017 when the import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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