Report Update Nov 1, 2024

Australia - Honing or Lapping Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Australia: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Australia

In 2021, the Australian metal honing machine market decreased by -63% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Metal Honing Machine Exports

Exports from Australia

In 2021, after three years of decline, there was significant growth in shipments abroad of honing or lapping machines for working metal, when their volume increased by 33% to X units. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2017 with an increase of 5,044%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal honing machine exports skyrocketed to $X in 2021. In general, exports, however, faced a sharp slump. The growth pace was the most rapid in 2017 with an increase of 1,128%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for metal honing machine exports from Australia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +32.0%.

In value terms, the United States ($X) also remains the key foreign market for honing or lapping machines for working metal exports from Australia.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +38.3%.

Export Prices by Country

In 2021, the average metal honing machine export price amounted to $X per unit, surging by 20% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 334%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Singapore amounted to +16.3% per year.

Metal Honing Machine Imports

Imports into Australia

After four years of growth, supplies from abroad of honing or lapping machines for working metal decreased by -65.6% to X units in 2021. Overall, imports recorded a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by 185%. Over the period under review, imports attained the maximum at X units in 2020, and then reduced notably in the following year.

In value terms, metal honing machine imports shrank markedly to $X in 2021. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 when imports increased by 106%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest metal honing machine supplier to Australia, accounting for a 69% share of total imports. Moreover, metal honing machine imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. China (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+13.8% per year) and China (+64.8% per year).

In value terms, the United States ($X) constituted the largest supplier of honing or lapping machines for working metal to Australia, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by the UK, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+48.7% per year) and the UK (-8.0% per year).

Import Prices by Country

In 2021, the average metal honing machine import price amounted to $X per unit, increasing by 49% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 147%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honing or lapping machines for working metal in the world?

The United States constituted the country with the largest volume of metal honing machine consumption, comprising approx. 30% of total volume. Moreover, metal honing machine consumption in the United States exceeded the figures recorded by the second-largest consumer, Italy, threefold. The third position in this ranking was occupied by Japan, with an 8.3% share.

What are the largest producers of honing or lapping machines for working metal in the world?

The country with the largest volume of metal honing machine production was the United States, comprising approx. 41% of total volume. Moreover, metal honing machine production in the United States exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was occupied by Taiwan Chinese), with a 12% share.

What are the leading suppliers of honing or lapping machines for working metal to Australia?

In value terms, the United States constituted the largest supplier of metal honing machine to Australia, comprising 50% of total imports. The second position in the ranking was occupied by China, with a 22% share of total imports.

What are the leading importers of honing or lapping machines for working metal from Australia?

In value terms, the largest markets for metal honing machine exported from Australia were Pakistan, the UK and Canada.

What is the average export price for honing or lapping machines for working metal in Australia?

In 2021, the average metal honing machine export price amounted to $347 per unit, falling by -77.8% against the previous year.

What is the average import price for honing or lapping machines for working metal in Australia?

In 2021, the average metal honing machine import price amounted to $1,419 per unit, rising by 20% against the previous year.

This report provides an in-depth analysis of the metal honing machine market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28412385 - Honing or lapping machines for working metal

Country coverage:

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023