Australia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Australia

In 2021, the Australian lathe for removing metal market decreased by -49.5% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Lathes For Removing Metal in Australia

In value terms, lathe for removing metal production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 465%. Over the period under review, lafor removing metal production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from Australia

For the sixth year in a row, Australia recorded growth in shipments abroad of lathes for removing metal, which increased by 48% to X units in 2021. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 401% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 857%. Over the period under review, the lafor removing metal exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), France (X units) and Japan (X units) were the main destinations of lathe for removing metal exports from Australia, with a combined 77% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +171.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for lathes for removing metal exports from Australia, comprising 50% of total exports. The second position in the ranking was taken by Thailand ($X), with a 13% share of total exports. It was followed by Japan, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+29.2% per year) and Japan (+62.2% per year).

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, increasing by 12% against the previous year. Overall, the export price, however, recorded a dramatic downturn. The growth pace was the most rapid in 2018 an increase of 770%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to France ($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 New Zealand (-15.6%), while the prices for the other major destinations experienced a decline.

Imports of Lathes For Removing Metal

Imports into Australia

In 2021, imports of lathes for removing metal into Australia was estimated at X units, surging by 7.4% on the previous year. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.0% 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 +16.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Over the period under review, lafor removing metal imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports soared to $X in 2021. In general, imports, however, saw a perceptible reduction. Over the period under review, lafor removing metal imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest lathe for removing metal supplier to Australia, accounting for a 74% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. The United States (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.2% per year) and the United States (-5.0% per year).

In value terms, Japan ($X) constituted the largest supplier of lathes for removing metal to Australia, comprising 40% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.1% per year) and China (-2.7% per year).

Import Prices by Country

In 2021, the average lathe for removing metal import price amounted to $X per unit, picking up by 48% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($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 Arab Emirates (+17.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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