Australia and Oceania: Wood Tool Market 2025

Wood Tool Market Size in Australia and Oceania

The wood tool market in Australia and Oceania stood at $X in 2021, increasing by 3.6% against the previous year. In general, consumption recorded a pronounced descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Wood Tool Production in Australia and Oceania

In value terms, wood tool production fell to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +83.9% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 26%. The level of production peaked at $X in 2020, and then declined in the following year.

Wood Tool Exports

Exports in Australia and Oceania

In 2021, wood tool exports in Australia and Oceania skyrocketed to X tons, jumping by 70% against the previous year. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.4% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood tool exports soared to $X in 2021. In general, exports enjoyed modest growth. The pace of growth was the most pronounced in 2019 when exports increased by 98% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Australia represented the major exporting country with an export of about X tons, which accounted for 66% of total exports. It was distantly followed by New Zealand (X tons), mixing up a 34% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of +16.3%).

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

Australia, with a CAGR of +4.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 10% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2015 an increase of 65%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, 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 New Zealand (-1.1%).

Wood Tool Imports

Imports in Australia and Oceania

In 2021, overseas purchases of tools of wood increased by 0.8% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 with an increase of 25%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, wood tool imports rose sharply to $X in 2021. In general, imports, however, showed a mild shrinkage. The growth pace was the most rapid in 2014 with an increase of 15%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia was the major importer of tools of wood in Australia and Oceania, with the volume of imports finishing at X tons, which was approx. 66% of total imports in 2021. New Zealand (X tons) ranks second in terms of the total imports with a 25% share, followed by Papua New Guinea (5.3%). New Caledonia (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to wood tool imports into Australia stood at -6.3%. At the same time, Papua New Guinea (+10.2%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.2% from 2012-2021. New Zealand experienced a relatively flat trend pattern. By contrast, New Caledonia (-1.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand and Papua New Guinea increased by +9.9 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported tools of wood in Australia and Oceania, comprising 67% of total imports. The second position in the ranking was held by New Zealand ($X), with a 25% share of total imports. It was followed by Papua New Guinea, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-0.3% per year) and Papua New Guinea (+9.1% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the import price saw a noticeable expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by 31% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in New Caledonia ($X per ton) and Australia ($X per ton), while Papua New Guinea ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :