Australia and Oceania: Tools For Bearing Market 2024

Tools For Bearing Market Size in Australia and Oceania

The tools for bearing market in Australia and Oceania reduced to $X in 2022, shrinking by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Tools For Bearing Production in Australia and Oceania

In value terms, tools for bearing production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Tools For Bearing Exports

Exports in Australia and Oceania

In 2022, the amount of balls, needles and rollers for ball or roller bearings exported in Australia and Oceania shrank dramatically to X tons, dropping by X% against the year before. Over the period under review, exports, however, saw a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, tools for bearing exports contracted markedly to $X in 2022. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X tons), mixing up a X% share of total exports.

Australia was also the fastest-growing in terms of the balls, needles and rollers for ball or roller bearings exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest tools for bearing supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, tools for bearing exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Tools For Bearing Imports

Imports in Australia and Oceania

In 2022, after two years of decline, there was significant growth in overseas purchases of balls, needles and rollers for ball or roller bearings, when their volume increased by X% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tools for bearing imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Australia represented the main importer of balls, needles and rollers for ball or roller bearings in Australia and Oceania, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons) and Papua New Guinea (X tons), together making up a X% share of total imports. The following importers - Fiji (X tons) and Solomon Islands (X tons) - each amounted to a X% share of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Solomon Islands and Papua New Guinea experienced a relatively flat trend pattern. While the share of Australia (X p.p.) and New Zealand (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported balls, needles and rollers for ball or roller bearings in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

In Australia, tools for bearing imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. Overall, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Fiji ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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