Australia: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Australia

The Australian wood milling machine market surged to $X in 2021, increasing by 21% 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). In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.6% against 2017 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Wood Milling Machine Exports

Exports from Australia

In 2021, shipments abroad of planing, milling or moulding machines was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, showed a abrupt setback. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, wood milling machine exports soared to $X in 2021. Over the period under review, exports, however, saw a mild shrinkage. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for wood milling machine exports from Australia, with a 85% share of total exports. Moreover, wood milling machine exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.9% per year) and Papua New Guinea (-19.4% per year).

In value terms, the United States ($X) remains the key foreign market for planing, milling or moulding machines exports from Australia, comprising 24% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-13.4% per year) and Papua New Guinea (-7.4% per year).

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, dropping by -30.4% against the previous year. Over the period under review, the export price, however, posted pronounced growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 213% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, 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 Papua New Guinea (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Milling Machine Imports

Imports into Australia

In 2021, approx. X units of planing, milling or moulding machines were imported into Australia; growing by 34% on the previous year. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by 58%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wood milling machine imports soared to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest wood milling machine supplier to Australia, with a 84% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.1%.

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to Australia, comprising 53% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.0%.

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, declining by -2.9% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.6%).

Source: IndexBox Platform

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