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

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

After two years of growth, the Australian non-numerically controlled sharpening machine market decreased by -0.4% to $X in 2022. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.8% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted modestly in the following year.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Australia

In 2022, approx. X units of non-numerically controlled sharpening machines for working metal were exported from Australia; picking up by 21% against the previous year. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 506%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports soared to $X in 2022. In general, exports, however, saw a noticeable downturn. The growth pace was the most rapid in 2015 when exports increased by 692% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units), New Zealand (X units) and the United States (X units) were the main destinations of non-numerically controlled sharpening machine exports from Australia, together accounting for 93% of total exports. Papua New Guinea, Indonesia and Germany lagged somewhat behind, together comprising a further 4.4%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +52.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Australia, comprising 75% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 10% share of total exports. It was followed by New Zealand, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+21.3% per year) and New Zealand (-11.9% per year).

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, with an increase of 171% against the previous year. In general, the export price posted temperate growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 486% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Australia

Non-numerically controlled sharpening machine imports into Australia soared to X units in 2022, rising by 25% compared with 2021 figures. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +60.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, non-numerically controlled sharpening machine imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest non-numerically controlled sharpening machine supplier to Australia, with a 48% share of total imports. Moreover, non-numerically controlled sharpening machine imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. China (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.7% per year) and China (-1.6% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Australia, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and the United States (+0.0% per year).

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, shrinking by -26.4% against the previous year. Over the period under review, the import price showed a pronounced decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 27%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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