Australia: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Australia

For the third consecutive year, the Australian stone polishing machine market recorded growth in sales value, which increased by 3.8% to $X in 2022. In general, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Stone Polishing Machine Production in Australia

In value terms, stone polishing machine production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 1,178,378,600%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Stone Polishing Machine Exports

Exports from Australia

In 2022, the amount of grinding or polishing machines for working stone, ceramics and concrete exported from Australia declined dramatically to X units, shrinking by -58.4% against the previous year's figure. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 447% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, stone polishing machine exports fell significantly to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 602% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

New Zealand (X units) was the main destination for stone polishing machine exports from Australia, accounting for a 90% share of total exports. Moreover, stone polishing machine exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-1.7% per year) and Solomon Islands (-43.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Australia, comprising 87% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-13.4% per year) and Solomon Islands (-51.9% per year).

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, shrinking by -66.1% against the previous year. Overall, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of 98%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Solomon Islands ($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 Japan (+4.1%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Australia

After two years of growth, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete decreased by -22.8% to X units in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 65%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, stone polishing machine imports reduced slightly to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 59%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Italy (X units), the United States (X units) and China (X units) were the main suppliers of stone polishing machine imports to Australia, together comprising 73% of total imports. Bulgaria, Germany, Austria and Sweden lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +62.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stone polishing machine suppliers to Australia were Italy ($X), China ($X) and Bulgaria ($X), with a combined 77% share of total imports.

Bulgaria, with a CAGR of +68.0%, saw 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 stone polishing machine import price stood at $X per unit in 2022, with an increase of 28% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 50%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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