Australia: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Australia

For the third year in a row, the Australian machine tool for metal market recorded growth in sales value, which increased by 162% to $X in 2021. Overall, consumption enjoyed a noticeable increase. Machine tool for metal consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Machine Tools For Working Metal Without Removing Metal in Australia

In value terms, machine tool for metal production amounted to less than $X in 2021 estimated in export price. In general, production enjoyed mild growth. The pace of growth was the most pronounced in 2018 with a decrease of 99.9% against the previous year. Machine tool for metal production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Australia

In 2021, exports of machine tools for working metal without removing metal from Australia surged to X units, increasing by 202% compared with the previous year's figure. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 291%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, machine tool for metal exports soared to $X in 2021. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 440% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units) was the main destination for machine tool for metal exports from Australia, with a 59% share of total exports. Moreover, machine tool for metal exports to the United States exceeded the volume sent to the second major destination, New Zealand (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-1.1% per year) and the Netherlands (+371.8% per year).

In value terms, the United States ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Australia, comprising 86% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 7% share of total exports. It was followed by the Netherlands, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+6.7% per year) and the Netherlands (+270.0% per year).

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, with an increase of 3.5% against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2017 an increase of 325% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($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 (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Australia

In 2021, the amount of machine tools for working metal without removing metal imported into Australia contracted markedly to X units, dropping by -22% against the year before. Over the period under review, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 60%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. In general, imports saw a perceptible decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest machine tool for metal supplier to Australia, with a 65% share of total imports. Moreover, machine tool for metal imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.3% per year) and Italy (+34.0% per year).

In value terms, the largest machine tool for metal suppliers to Australia were Italy ($X), China ($X) and the United States ($X), together accounting for 64% of total imports. These countries were followed by Sweden, Belgium, the Netherlands and the UK, which together accounted for a further 25%.

Among the main suppliers, Sweden, with a CAGR of +78.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, picking up by 200% against the previous year. In general, the import price saw strong growth. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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