Australia: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Australia

The Australian market for machine-tools for working stone, ceramics, and concrete soared to $X in 2022, rising by 65% 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). Overall, consumption recorded a prominent expansion. Machine tools for working stone consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Australia

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from Australia; shrinking by -41.5% compared with 2021. Over the period under review, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 99%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine tools for working stone exports dropped sharply to $X in 2022. In general, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 26%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for machine tools for working stone exports from Australia, accounting for a 57% share of total exports. Moreover, machine tools for working stone exports to New Zealand exceeded the volume sent to the second major destination, New Caledonia (X units), threefold. India (X units) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand stood at -24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+35.8% per year) and India (-9.9% per year).

In value terms, New Zealand ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Australia, comprising 57% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a 21% share of total exports. It was followed by India, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+30.4% per year) and India (+0.2% per year).

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, with an increase of 38% against the previous year. Overall, the export price recorded a resilient increase. The growth pace was the most rapid in 2018 an increase of 177% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per unit) and New Caledonia ($X per unit), while the average price for exports to Thailand ($X per unit) and Jamaica ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Australia

In 2022, the amount of machine-tools for working stone, ceramics, and concrete imported into Australia soared to X units, jumping by 70% compared with 2021 figures. Over the period under review, imports showed measured growth. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, machine tools for working stone imports soared to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +110.2% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 50% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Austria (X units) were the main suppliers of machine tools for working stone imports to Australia, with a combined 88% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +55.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tools for working stone suppliers to Australia were Italy ($X), China ($X) and Austria ($X), with a combined 88% share of total imports.

Austria, with a CAGR of +52.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, waning by -11.9% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine tools for working stone import price increased by +3.4% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 70%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :