Australia: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Australia

In 2021, the Australian metal broaching machine market decreased by -17.3% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption showed a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Broaching Machine Production in Australia

In value terms, metal broaching machine production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 2.2%. Metal broaching machine production peaked at $X in 2020, and then contracted in the following year.

Metal Broaching Machine Exports

Exports from Australia

In 2021, approx. X units of broaching machines for working metal were exported from Australia; which is down by -50% compared with the previous year. In general, exports continue to indicate a sharp shrinkage. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports contracted rapidly to $X in 2021. Overall, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 34%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for metal broaching machine exports from Australia, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at -10.9%.

In value terms, the United States ($X) remains the key foreign market for broaching machines for working metal exports from Australia, comprising 85% of total exports. The second position in the ranking was taken by India ($X), with an 8.2% share of total exports. It was followed by Papua New Guinea, with a 2.2% share.

From 2015 to 2021, the average annual growth rate of value to the United States totaled +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-19.1% per year) and Papua New Guinea (-30.4% per year).

Export Prices by Country

The average metal broaching machine export price stood at $X per unit in 2021, with an increase of 5.6% against the previous year. Overall, the export price saw significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39%. The export price peaked at $X per unit in 2018; however, from 2019 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 India ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+77.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into Australia

In 2021, purchases abroad of broaching machines for working metal decreased by -87.8% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of 1,100%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, metal broaching machine imports dropped significantly to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 1,222%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X units) and China (X units) were the main suppliers of metal broaching machine imports to Australia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of -7.4%).

In value terms, China ($X) constituted the largest supplier of broaching machines for working metal to Australia, comprising 1.7% of total imports. The second position in the ranking was held by the UK ($X), with a 0.5% share of total imports. It was followed by Belgium, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-19.5% per year) and Belgium (-49.2% per year).

Import Prices by Country

The average metal broaching machine import price stood at $X per unit in 2021, reducing by -21.4% against the previous year. In general, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 85%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then shrank 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 China ($X per unit), while the price for Belgium ($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 (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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