Australia: Gouges And Chisels Market 2025

Gouges And Chisels Market Size in Australia

The Australian gouges and chisels market surged to $X in 2022, picking up by 27% against the previous year. Overall, consumption, however, recorded a mild downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Gouges And Chisels Production in Australia

In value terms, gouges and chisels production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 176% against the previous year. Gouges and chisels production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Gouges And Chisels Exports

Exports from Australia

In 2022, gouges and chisels exports from Australia declined notably to X tons, waning by -39.3% compared with 2021 figures. Overall, exports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2013 when exports increased by 303%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gouges and chisels exports dropped remarkably to $X in 2022. Over the period under review, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 105%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for gouges and chisels exports from Australia, with a 48% share of total exports. Moreover, gouges and chisels exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), twofold. The third position in this ranking was taken by the United States (X kg), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+5.4% per year) and the United States (+13.3% per year).

In value terms, New Zealand ($X) remains the key foreign market for planes, chisels and gouges for working wood exports from Australia, comprising 48% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 20% share of total exports. It was followed by the United States, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+4.7% per year) and the United States (-3.6% per year).

Export Prices by Country

In 2022, the average gouges and chisels export price amounted to $X per ton, reducing by -26.5% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 70%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per ton) and France ($X per ton), while the average price for exports to Italy ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges And Chisels Imports

Imports into Australia

In 2022, purchases abroad of planes, chisels and gouges for working wood increased by 14% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2013 when imports increased by 72% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, gouges and chisels imports surged to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +61.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gouges and chisels to Australia, with a 46% share of total imports. Moreover, gouges and chisels imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. India (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+21.0% per year) and India (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of planes, chisels and gouges for working wood to Australia, comprising 54% of total imports. The second position in the ranking was taken by the UK ($X), with a 14% share of total imports. It was followed by India, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.9% per year) and India (+18.7% per year).

Import Prices by Country

In 2022, the average gouges and chisels import price amounted to $X per ton, increasing by 14% against the previous year. Overall, the import price showed a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 102% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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