Australia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Australia

After two years of decline, the Australian machine-tool for working wood market increased by 48% to $X in 2021. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Wood

Exports from Australia

In 2021, the amount of machine-tools for working wood exported from Australia soared to X tons, picking up by 24% on the year before. Overall, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 35% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports soared to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), New Zealand (X tons) and Papua New Guinea (X tons) were the main destinations of machine-tool for working wood exports from Australia, together accounting for 61% of total exports. Ghana, Solomon Islands, France, the UK, China, Malaysia, South Africa, Vietnam, Thailand and Singapore lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +51.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Australia were the United States ($X), Papua New Guinea ($X) and New Zealand ($X), together accounting for 60% of total exports. These countries were followed by Ghana, Solomon Islands, France, the UK, South Africa, China, Malaysia, Vietnam, Thailand and Singapore, which together accounted for a further 26%.

In terms of the main countries of destination, Ghana, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, increasing by 3.5% against the previous year. Over the period under review, the export price posted buoyant growth. The growth pace was the most rapid in 2018 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Australia

In 2021, supplies from abroad of machine-tools for working wood increased by 42% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working wood imports surged to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest machine-tool for working wood supplier to Australia, with a 51% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.2% per year) and Italy (+3.5% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Australia, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.7% per year) and Germany (+1.6% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, with an increase of 4.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2018 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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