Australia: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Australia

The Australian market for grinding, sanding and polishing machines skyrocketed to $X in 2021, increasing by 16% 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). Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +32.6% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Grinding, Sanding and Polishing Machines

Exports from Australia

In 2021, exports of grinding, sanding and polishing machines from Australia dropped rapidly to X units, waning by -15.5% on the previous year. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 89% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports shrank rapidly to $X in 2021. In general, exports showed a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for grinding, sanding and polishing machine exports from Australia, with a 58% share of total exports. Moreover, grinding, sanding and polishing machine exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X units), fourfold. Thailand (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+12.3% per year) and Thailand (-27.7% per year).

In value terms, New Zealand ($X), Egypt ($X) and the United States ($X) were the largest markets for grinding, sanding and polishing machine exported from Australia worldwide, together comprising 75% of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of +17.2%, recorded 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 export price for grinding, sanding and polishing machines stood at $X per unit in 2021, shrinking by -4.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 81% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 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 Egypt ($X per unit), while the average price for exports to Thailand ($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 Japan (+21.5%), while the prices for the other major destinations experienced a decline.

Imports of Grinding, Sanding and Polishing Machines

Imports into Australia

In 2021, imports of grinding, sanding and polishing machines into Australia rose markedly to X units, growing by 6% against 2020 figures. Overall, imports showed slight growth. The most prominent rate of growth was recorded in 2014 when imports increased by 28% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 36% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and the United States (X units) were the main suppliers of grinding, sanding and polishing machine imports to Australia, with a combined 82% share of total imports. These countries were followed by the UK, Germany and Italy, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machines to Australia, comprising 43% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.6% per year) and Taiwan (Chinese) (-0.2% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, picking up by 10% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grinding, sanding and polishing machine import price increased by +2.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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