Australia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Australia

In 2021, the Australian non-numerically controlled drilling machine market increased by 15% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Australia

In 2021, exports of non-numerically controlled drilling machines for working metal from Australia contracted notably to X tons, falling by -60.1% against the previous year's figure. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 354% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports reduced remarkably to $X in 2021. Over the period under review, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 301% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X tons), Papua New Guinea (X tons) and Egypt (X tons) were the main destinations of non-numerically controlled drilling machine exports from Australia, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +27.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Papua New Guinea ($X) and Egypt ($X) constituted the largest markets for non-numerically controlled drilling machine exported from Australia worldwide, together accounting for 61% of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of +31.4%, saw the highest growth rate of 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

In 2021, the average non-numerically controlled drilling machine export price amounted to $X per ton, rising by 8.5% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 55%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Germany ($X per ton) and the Dominican Republic ($X per ton), while the average price for exports to Mozambique ($X per ton) and Panama ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Australia

Non-numerically controlled drilling machine imports into Australia dropped to X tons in 2021, which is down by -9.1% on 2020. Overall, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 31% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports expanded significantly to $X in 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 45%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest non-numerically controlled drilling machine supplier to Australia, with a 66% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.2% per year) and Germany (+20.9% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Australia, comprising 65% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Germany, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.3% per year) and Germany (+1.6% per year).

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2021, with an increase of 21% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-numerically controlled drilling machine import price increased by +53.2% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 84% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per ton) and China ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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