Australia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Australia

The Australian market for pneumatic or hydraulic hand tools soared to $X in 2021, increasing by 18% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in Australia

In value terms, pneumatic or hydraulic hand tool production rose sharply to $X in 2021 estimated in export price. In general, production saw a significant increase. Pneumatic or hydraulic hand tool production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Australia

Pneumatic or hydraulic hand tool exports from Australia contracted notably to X tons in 2021, declining by -26.1% on 2020. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 43%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports fell sharply to $X in 2021. Over the period under review, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of 45% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

New Zealand (X tons), Papua New Guinea (X tons) and Chile (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Australia, together accounting for 50% of total exports. The United States, China, the UK, Vietnam, Singapore, Indonesia, Finland and the Philippines lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +49.0%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Papua New Guinea ($X) and Chile ($X) constituted the largest markets for pneumatic or hydraulic hand tool exported from Australia worldwide, together comprising 49% of total exports. These countries were followed by the United States, China, the UK, Vietnam, Indonesia, Singapore, the Philippines and Finland, which together accounted for a further 35%.

Finland, with a CAGR of +66.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and the Philippines ($X per ton), while the average price for exports to Finland ($X per ton) and Papua New Guinea ($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 New Zealand (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Australia

In 2021, supplies from abroad of pneumatic or hydraulic hand tools increased by 12% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of 24%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Australia, with a combined 76% share of total imports. These countries were followed by Sweden, Japan and Taiwan (Chinese), which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +24.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) constituted the largest pneumatic or hydraulic hand tool suppliers to Australia, with a combined 75% share of total imports. Sweden, Taiwan (Chinese) and Japan lagged somewhat behind, together accounting for a further 17%.

Sweden, with a CAGR of +3.6%, recorded the highest growth rate of the value of imports, among the main suppliers 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 import price for pneumatic or hydraulic hand tools amounted to $X per ton, rising by 5.7% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pneumatic or hydraulic hand tool import price increased by +82.4% against 2015 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 55%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the price for Sweden ($X per ton) and Germany ($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 (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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