Australia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Australia

In 2021, after three years of decline, there was significant growth in the Australian wood drilling machine market, when its value increased by 44% to $X. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Wood Drilling Machine Exports

Exports from Australia

In 2021, exports of drilling or morticing machines from Australia fell rapidly to X units, reducing by -68.7% on 2020. In general, exports showed a mild contraction. The pace of growth was the most pronounced in 2020 with an increase of 690%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wood drilling machine exports shrank dramatically to $X in 2021. Overall, exports showed a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 388%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X units) was the main destination for wood drilling machine exports from Australia, with a 57% share of total exports. Moreover, wood drilling machine exports to Sudan exceeded the volume sent to the second major destination, New Zealand (X units), fivefold. The third position in this ranking was taken by Papua New Guinea (X units), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan stood at +79.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-17.0% per year) and Papua New Guinea (+19.6% per year).

In value terms, Papua New Guinea ($X), China ($X) and South Korea ($X) appeared to be the largest markets for wood drilling machine exported from Australia worldwide, together accounting for 81% of total exports.

In terms of the main countries of destination, Papua New Guinea, with a CAGR of +4.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, reducing by -41.5% against the previous year. Overall, the export price showed a sharp shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 366%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+33.5%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Australia

In 2021, after two years of decline, there was significant growth in supplies from abroad of drilling or morticing machines, when their volume increased by 43% to X units. Overall, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 52%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wood drilling machine imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 101% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main wood drilling machine supplier to Australia, with a 93% share of total imports. It was followed by Italy (X units), with a 2% share of total imports. The third position in this ranking was held by the United States (X units), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.7% per year) and the United States (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of drilling or morticing machines to Australia, comprising 73% of total imports. The second position in the ranking was held by Italy ($X), with a 5.3% share of total imports. It was followed by Denmark, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.5% per year) and Denmark (+22.0% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, remaining stable against the previous year. In general, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2017 an increase of 32%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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