Australia: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Australia

The Australian wood bending machine market declined notably to $X in 2021, dropping by -38.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep setback. Wood bending machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wood Bending Machine Exports

Exports from Australia

In 2021, overseas shipments of bending or assembling machines decreased by -72.7% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a sharp setback. The growth pace was the most rapid in 2013 when exports increased by 97% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood bending machine exports reduced rapidly to $X in 2021. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by 364% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Papua New Guinea (X units) and New Zealand (X units) were the main destinations of wood bending machine exports from Australia. Moreover, wood bending machine exports in Papua New Guinea exceeded the figures recorded by the second-largest exporter, New Zealand, twofold.

From 2012 to 2021, the biggest increases were recorded for Papua New Guinea (with a CAGR of +10.4%).

In value terms, the largest markets for wood bending machine exported from Australia were New Zealand ($X) and Papua New Guinea ($X).

Among the main countries of destination, Papua New Guinea, with a CAGR of +4.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, rising by 38% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by 178%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Papua New Guinea totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Australia

In 2021, wood bending machine imports into Australia dropped remarkably to X units, reducing by -30.6% against the year before. In general, imports saw a deep reduction. The growth pace was the most rapid in 2016 with an increase of 264%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, wood bending machine imports fell remarkably to $X in 2021. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by 401%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wood bending machine supplier to Australia, accounting for a 55% share of total imports. Moreover, wood bending machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The United States (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.3% per year) and the United States (-24.3% per year).

In value terms, China ($X), the United States ($X) and Italy ($X) constituted the largest wood bending machine suppliers to Australia, with a combined 73% share of total imports. These countries were followed by New Zealand, France, South Korea and Germany, which together accounted for a further 12%.

In terms of the main suppliers, New Zealand, with a CAGR of +18.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, dropping by -32.6% against the previous year. Over the period under review, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 90%. As a result, import price attained the peak level of $X per unit, and then contracted dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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