Australia and Oceania: Bar Draw-Bench Market 2024

Bar Draw-Bench Market Size in Australia and Oceania

After two years of growth, the bar draw-bench market in Australia and Oceania decreased by X% to $X in 2023. In general, consumption showed a dramatic contraction. Over the period under review, the market attained the maximum level at $X in 2022, and then fell remarkably in the following year.

Bar Draw-Bench Production in Australia and Oceania

In value terms, bar draw-bench production reduced to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Bar Draw-Bench Exports

Exports in Australia and Oceania

Bar draw-bench exports skyrocketed to X units in 2023, picking up by X% against the previous year's figure. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bar draw-bench exports reduced slightly to $X in 2023. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Australia (X units) was the key exporter of draw-benches for bars, tubes, profiles, wire or the like in Australia and Oceania, making up X% of total export.

Australia was also the fastest-growing in terms of the draw-benches for bars, tubes, profiles, wire or the like exports, with a CAGR of X% from 2012 to 2023. While the share of Australia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest bar draw-bench supplier in Australia and Oceania.

From 2012 to 2023, the average annual growth rate of value in Australia stood at X%.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price continues to indicate a sharp slump. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2023, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

Bar Draw-Bench Imports

Imports in Australia and Oceania

In 2023, after two years of growth, there was significant decline in purchases abroad of draw-benches for bars, tubes, profiles, wire or the like, when their volume decreased by X% to X units. Over the period under review, imports, however, saw a temperate increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, bar draw-bench imports dropped remarkably to $X in 2023. Overall, imports, however, recorded pronounced growth. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, recording X units, which was approx. X% of total imports in 2023. Fiji (X units) ranks second in terms of the total imports with a X% share, followed by Papua New Guinea (X%). The following importers - Kiribati (X units) and New Zealand (X units) - each recorded a X% share of total imports.

Australia was also the fastest-growing in terms of the draw-benches for bars, tubes, profiles, wire or the like imports, with a CAGR of X% from 2012 to 2023. At the same time, Fiji (X%) displayed positive paces of growth. Kiribati and Papua New Guinea experienced a relatively flat trend pattern. By contrast, New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) and Fiji (X p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and New Zealand saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported draw-benches for bars, tubes, profiles, wire or the like in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Fiji ($X), with an X% share of total imports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Australia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Fiji (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2023, increasing by X% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kiribati ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform