Australia: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in Australia

The Australian machine-tool for drilling market rose sharply to $X in 2022, with an increase of 10% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. Machine-tool for drilling consumption peaked in 2022 and is likely to see gradual growth in the near future.

Machine-Tool For Drilling Production in Australia

In value terms, machine-tool for drilling production rose notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2019 when the production volume increased by 121% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports from Australia

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were exported from Australia; growing by 3.6% against 2021. Overall, exports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 531% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine-tool for drilling exports skyrocketed to $X in 2022. In general, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 143% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for machine-tool for drilling exports from Australia, accounting for a 53% share of total exports. Moreover, machine-tool for drilling exports to Belgium exceeded the volume sent to the second major destination, Papua New Guinea (X units), fourfold. The third position in this ranking was held by Fiji (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +107.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-5.6% per year) and Fiji (-15.9% per year).

In value terms, Papua New Guinea ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Australia, comprising 57% of total exports. The second position in the ranking was held by the United States ($X), with a 7.8% share of total exports. It was followed by New Zealand, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Papua New Guinea totaled +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.6% per year) and New Zealand (-6.9% per year).

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, with an increase of 74% against the previous year. In general, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of 546%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Belgium ($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 South Africa (+70.2%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Australia

In 2022, supplies from abroad of machine-tools for drilling, boring or milling metal decreased by -9.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 43%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, machine-tool for drilling imports stood at $X in 2022. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 36% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Australia, with a 83% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was held by Poland (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.0% per year) and Poland (+98.1% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Australia, comprising 35% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 17% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.9% per year) and Germany (+0.5% per year).

Import Prices by Country

In 2022, the average machine-tool for drilling import price amounted to $X per unit, growing by 26% against the previous year. In general, the import price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 50% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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