Australia: Grinding Machine Market 2024

Grinding Machine Market Size in Australia

The Australian grinding machine market surged to $X in 2021, with an increase of 31% 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). In general, consumption showed a strong expansion. Grinding machine consumption peaked in 2021 and is likely to see gradual growth in the near future.

Grinding Machine Exports

Exports from Australia

After two years of growth, overseas shipments of machines having individual functions, for mixing, kneading, crushing or grinding decreased by -8.1% to X units in 2021. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 116% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding machine exports declined slightly to $X in 2021. Over the period under review, exports, however, saw a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 96%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for grinding machine exports from Australia, with a 56% share of total exports. Moreover, grinding machine exports to New Zealand exceeded the volume sent to the second major destination, Mongolia (X units), fivefold. South Africa (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (+95.5% per year) and South Africa (+74.1% per year).

In value terms, South Africa ($X), New Zealand ($X) and Mongolia ($X) appeared to be the largest markets for grinding machine exported from Australia worldwide, together comprising 37% of total exports.

South Africa, with a CAGR of +90.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average grinding machine export price amounted to $X per unit, increasing by 8.6% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of 262% 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.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to Oman ($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 South Africa (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Australia

In 2021, supplies from abroad of machines having individual functions, for mixing, kneading, crushing or grinding increased by 27% to X units, rising for the second year in a row after two years of decline. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 121% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, grinding machine imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +113.8% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 60%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Italy (X units) and France (X units) were the main suppliers of grinding machine imports to Australia, together accounting for 50% of total imports. The UK, the United States, Canada, Germany, Brazil, Malaysia, South Africa, India, Taiwan (Chinese) and Switzerland lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +265.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding machine suppliers to Australia were China ($X), Germany ($X) and the UK ($X), together comprising 50% of total imports. These countries were followed by the United States, Italy, Switzerland, Canada, India, South Africa, France, Malaysia, Brazil and Taiwan (Chinese), which together accounted for a further 29%.

Brazil, with a CAGR of +132.0%, recorded 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 grinding machine import price stood at $X per unit in 2021, surging by 3.1% against the previous year. In general, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 48% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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