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

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

The Australian numerically controlled drilling machine market shrank to $X in 2021, waning by -10.8% 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). Over the period under review, consumption, however, saw a prominent increase. Numerically controlled drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Australia

In 2021, numerically controlled drilling machine exports from Australia skyrocketed to X tons, picking up by 132% compared with the previous year's figure. In general, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. Over the period under review, exports, however, showed a significant curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for numerically controlled drilling machine exports from Australia, with a 69% share of total exports. Moreover, numerically controlled drilling machine exports to Germany exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Malaysia (X kg), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.6% per year) and Malaysia (-6.0% per year).

In value terms, Germany ($X) remains the key foreign market for numerically controlled drilling machines for working metal exports from Australia, comprising 84% of total exports. The second position in the ranking was held by India ($X), with a 5.2% share of total exports. It was followed by Malaysia, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-2.5% per year) and Malaysia (-17.9% per year).

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, dropping by -3% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 68% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to India ($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 Poland (+84.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Australia

Numerically controlled drilling machine imports into Australia shrank to X tons in 2021, falling by -6.6% compared with the previous year's figure. Overall, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2019 when imports increased by 271% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports dropped to $X in 2021. In general, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 283%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of numerically controlled drilling machine imports to Australia, with a combined 67% share of total imports. Italy, Singapore, France and Argentina lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Japan ($X) appeared to be the largest numerically controlled drilling machine suppliers to Australia, with a combined 68% share of total imports. France, Italy, Singapore and Argentina lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Singapore, with a CAGR of +51.2%, saw the highest growth rate of 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

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, shrinking by -5.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+417.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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