Australia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Australia

The Australian grinding and sharpening machine market soared to $X in 2022, growing by 24% against the previous year. In general, consumption continues to indicate a significant expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Production of Grinding And Sharpening Metal Finishing Machines in Australia

In value terms, grinding and sharpening machine production expanded remarkably to $X in 2022 estimated in export price. In general, production saw prominent growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Australia

In 2022, shipments abroad of grinding and sharpening metal finishing machines increased by 49% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 449%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports skyrocketed to $X in 2022. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Japan (X units) and Thailand (X units) were the main destinations of grinding and sharpening machine exports from Australia, together accounting for 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +51.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding and sharpening machine exported from Australia were China ($X), Germany ($X) and the United States ($X), with a combined 59% share of total exports. South Korea, Japan, Thailand and New Zealand lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, South Korea, with a CAGR of +26.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, increasing by 82% against the previous year. In general, the export price showed a perceptible increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 368%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Australia

In 2022, the amount of grinding and sharpening metal finishing machines imported into Australia stood at X units, picking up by 11% on 2021 figures. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 46%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, grinding and sharpening machine imports surged to $X in 2022. Overall, imports, however, showed a perceptible contraction. The growth pace was the most rapid in 2019 when imports increased by 31%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of grinding and sharpening machine imports to Australia, with a combined 70% share of total imports. Taiwan (Chinese), Italy, Sweden and the UK lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine suppliers to Australia were China ($X), Germany ($X) and the United States ($X), with a combined 60% share of total imports. Italy, Sweden, Taiwan (Chinese) and the UK lagged somewhat behind, together accounting for a further 16%.

Italy, with a CAGR of +9.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, surging by 8% against the previous year. Overall, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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