Australia: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Australia

In 2021, the Australian non-hydraulic press market increased by 112% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, saw a slight descent. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Hydraulic Press Exports

Exports from Australia

Non-hydraulic press exports from Australia reduced rapidly to X units in 2021, waning by -68.7% on the previous year's figure. In general, exports, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2018 with an increase of 244%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-hydraulic press exports reduced to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 142%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for non-hydraulic press exports from Australia, with a 81% share of total exports. Moreover, non-hydraulic press exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. China (X units) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.3% per year) and China (-5.3% per year).

In value terms, the United States ($X) remains the key foreign market for non-hydraulic presses for working metal exports from Australia, comprising 50% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+22.4% per year) and China (-4.8% per year).

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, rising by 193% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to New Zealand ($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 Thailand (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into Australia

In 2021, overseas purchases of non-hydraulic presses for working metal increased by 93% to X units, rising for the second year in a row after three years of decline. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 263% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-hydraulic press imports surged to $X in 2021. Overall, imports, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of 241%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and the United States (X units) were the main suppliers of non-hydraulic press imports to Australia, with a combined 75% share of total imports. These countries were followed by South Korea, Germany, Singapore, Italy, the UK and Switzerland, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +129.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) appeared to be the largest non-hydraulic press suppliers to Australia, with a combined 57% share of total imports. These countries were followed by the United States, Italy, South Korea, Singapore, the UK and Switzerland, which together accounted for a further 22%.

Among the main suppliers, South Korea, with a CAGR of +104.1%, recorded the highest rates of growth with regard to 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 non-hydraulic press import price stood at $X per unit in 2021, with a decrease of -17.2% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 34%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 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, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($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 (+12.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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