Australia and Oceania: Power Tool Market 2024

Power Tool Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the power tool market in Australia and Oceania, when its value decreased by X% to $X. Overall, consumption, however, enjoyed a remarkable increase. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Power Tool Production in Australia and Oceania

In value terms, power tool production dropped sharply to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 when the production volume decreased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Power Tool Exports

Exports in Australia and Oceania

In 2022, overseas shipments of power tools increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, power tool exports surged to $X in 2022. Total exports indicated a prominent increase 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Australia (X units) was the key exporter of power tools, constituting X% of total exports. It was distantly followed by New Zealand (X units), generating a X% share of total exports.

Australia was also the fastest-growing in terms of the power tools exports, with a CAGR of X% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. 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 ($X) remains the largest power tool supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total exports.

In Australia, power tool exports increased at 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 unit, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

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

Power Tool Imports

Imports in Australia and Oceania

After two years of growth, purchases abroad of power tools decreased by X% to X units in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, power tool imports declined to $X in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Australia (X units) represented the major importer of power tools, mixing up X% of total imports. It was distantly followed by New Zealand (X units), generating 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, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported power tools in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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