Australia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Australia

The Australian market for in-hand motor grinders, sanders and planers surged to $X in 2021, with an increase of 30% 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). In general, consumption recorded strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Australia

In 2021, shipments abroad of in-hand motor grinders, sanders and planers was finally on the rise to reach X units after three years of decline. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 86%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), the United States (X units) and Vietnam (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Australia, together comprising 65% of total exports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +44.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Australia, comprising 29% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by Papua New Guinea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.8% per year) and Papua New Guinea (-8.1% per year).

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, declining by -11.2% against the previous year. Over the period under review, the export price saw a deep reduction. The growth pace was the most rapid in 2019 an increase of 27%. 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 stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the Philippines ($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 Germany (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Australia

In 2021, the amount of in-hand motor grinders, sanders and planers imported into Australia surged to X units, growing by 24% against the previous year's figure. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 29% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Australia, accounting for a 87% share of total imports. It was followed by Thailand (X units), with a 2.4% share of total imports. The third position in this ranking was taken by Mexico (X units), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+292.3% per year) and Mexico (+10.1% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Australia, comprising 78% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.3% share of total imports. It was followed by Japan, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.7% per year) and Japan (+3.6% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, increasing by 5.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2016 an increase of 19% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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