Australia - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPower Tool Price in Australia - 2023
Contents:
- Power Tool Price in Australia (CIF) - 2023
- Power Tool Price in Australia (FOB) - 2022
- Power Tool Imports in Australia
- Power Tool Exports in Australia
Power Tool Price in Australia (CIF) - 2023
The average power tool import price stood at $73.3 per unit in September 2023, picking up by 3.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 26% against the previous month. As a result, import price attained the peak level of $89.2 per unit. From March 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($169 per unit), while the price for Thailand ($49.0 per unit) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+0.7%), while the prices for the other major suppliers experienced a decline.
Power Tool Price in Australia (FOB) - 2022
In 2022, the average power tool export price amounted to $103 per unit, growing by 17% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 54%. Over the period under review, the average export prices reached the peak figure at $111 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($752 per unit), while the average price for exports to the Philippines ($25 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 the United States (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.
Power Tool Imports in Australia
After three years of growth, supplies from abroad of power tools decreased by -14.8% to 8.7M units in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at 10M units in 2021, and then reduced in the following year.
In value terms, power tool imports dropped to $664M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of $704M, and then reduced in the following year.
| Import of Power Tool in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 330 | 422 | 553 | 516 | 16.1% |
| Germany | 18.2 | 22.4 | 31.7 | 30.3 | 18.5% |
| Japan | 15.5 | 15.5 | 25.6 | 23.5 | 14.9% |
| Thailand | 0.3 | 1.9 | 7.2 | 12.3 | 244.8% |
| Vietnam | N/A | 1.3 | 3.7 | 7.2 | 135.3% |
| Mexico | 5.5 | 5.2 | 7.6 | 7.0 | 8.4% |
| Others | 47.6 | 57.0 | 74.5 | 67.5 | 12.3% |
| Total | 417 | 525 | 704 | 664 | 16.8% |
Top Suppliers of Power Tool to Australia in 2022:
- China (7.4M units)
- Germany (0.2M units)
- Thailand (0.2M units)
- Mexico (0.1M units)
- Japan (0.1M units)
- Vietnam (0.1M units)
Power Tool Exports in Australia
Power tool exports from Australia soared to 238K units in 2022, rising by 26% compared with the year before. Over the period under review, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 79%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, power tool exports skyrocketed to $25M in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 68%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Power Tool in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.1 | 1.6 | 2.8 | 6.5 | 28.0% |
| Tanzania | 0.3 | 0.6 | 3.9 | 3.7 | 131.0% |
| United States | 2.0 | 1.3 | 2.0 | 2.4 | 6.3% |
| Germany | 0.8 | 0.6 | 1.3 | 1.1 | 11.2% |
| Kyrgyzstan | N/A | N/A | N/A | 1.0 | 0% |
| Papua New Guinea | 1.6 | 0.9 | 1.0 | 0.9 | -17.5% |
| Fiji | 0.4 | 0.1 | 0.4 | 0.2 | -20.6% |
| Philippines | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Malaysia | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Others | 3.1 | 4.7 | 5.2 | 8.5 | 40.0% |
| Total | 12.1 | 9.9 | 16.7 | 24.5 | 26.5% |
Top Export Markets for Power Tool from Australia in 2022:
- New Zealand (165.0K units)
- Germany (12.0K units)
- Papua New Guinea (11.6K units)
- United States (5.6K units)
- Tanzania (4.9K units)
- Fiji (4.5K units)
- Philippines (3.9K units)
- Kyrgyzstan (3.8K units)
- Malaysia (0.5K units)
This report provides an in-depth analysis of the power tool market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241120 - Electromechanical hand tools operated without an external source of power (excluding drills, saws )
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241185 - Electromechanical hand tools, with self-contained electric motor operating with an external source of power (excluding saws, drills, grinders, sanders, planers, hedge trimmers and lawn edge cutters)
- Prodcom 28241190 -
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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