Australia: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Australia

In 2022, the Australian non-electric motor handtools market decreased by -10.5% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption continues to indicate a mild shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Electric Motor Handtools Exports

Exports from Australia

In 2022, approx. X units of handtools, hydraulic or with a self-contained non-electric motor were exported from Australia; rising by 48% compared with 2021. Over the period under review, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electric motor handtools exports surged to $X in 2022. In general, exports saw a noticeable expansion. The pace of growth appeared the most rapid in 2019 with an increase of 89%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for non-electric motor handtools exports from Australia, accounting for a 51% share of total exports. Moreover, non-electric motor handtools exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X units), threefold. The third position in this ranking was held by Russia (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+0.6% per year) and Russia (+34.7% per year).

In value terms, Russia ($X), New Zealand ($X) and Germany ($X) appeared to be the largest markets for non-electric motor handtools exported from Australia worldwide, with a combined 52% share of total exports. Papua New Guinea, Japan, the United States and China lagged somewhat behind, together accounting for a further 16%.

Among the main countries of destination, Japan, with a CAGR of +55.9%, saw the highest rates of growth with regard to 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

In 2022, the average non-electric motor handtools export price amounted to $X per unit, growing by 25% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric motor handtools export price decreased by -31.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 84%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Papua New Guinea ($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 (+8.4%), while the prices for the other major destinations experienced a decline.

Non-Electric Motor Handtools Imports

Imports into Australia

In 2022, after two years of growth, there was significant decline in purchases abroad of handtools, hydraulic or with a self-contained non-electric motor, when their volume decreased by -18.1% to X units. In general, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2020 when imports increased by 27%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric motor handtools imports stood at $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 26%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Australia, accounting for a 64% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Japan (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.9% per year) and Japan (-7.3% per year).

In value terms, the largest non-electric motor handtools suppliers to Australia were China ($X), the United States ($X) and Germany ($X), together comprising 75% of total imports. Sweden and Japan lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Sweden, with a CAGR of +9.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, with an increase of 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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