Australia and Oceania: Electronic Metal Tester Market 2023

Electronic Metal Tester Market Size in Australia and Oceania

In 2021, after two years of decline, there was significant growth in the electronic metal tester market in Australia and Oceania, when its value increased by 29% to $X. In general, consumption, however, showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Electronic Metal Tester Production in Australia and Oceania

In value terms, electronic metal tester production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production showed strong growth. The growth pace was the most rapid in 2013 when the production volume increased by 509,170% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Electronic Metal Tester Exports

Exports in Australia and Oceania

After two years of decline, overseas shipments of electronic machines and appliances for testing metals increased by 22% to X units in 2021. Over the period under review, exports, however, recorded a slight curtailment. The growth pace was the most rapid in 2018 when exports increased by 124%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic metal tester exports soared to $X in 2021. Overall, exports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2018 with an increase of 154%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units) and New Zealand (X units) represented roughly 99% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by New Zealand (with a CAGR of +25.2%).

In value terms, Australia ($X) remains the largest electronic metal tester supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, waning by -4.7% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic metal tester export price increased by +16.0% against 2019 indices. The pace of growth was the most pronounced in 2015 when the export price increased by 46% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then dropped modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.9%).

Electronic Metal Tester Imports

Imports in Australia and Oceania

In 2021, overseas purchases of electronic machines and appliances for testing metals were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 48% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electronic metal tester imports soared to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 53%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, finishing at X units, which was approx. 88% of total imports in 2021. It was distantly followed by New Zealand (X units), making up a 6% share of total imports. Samoa (X units) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -12.2% from 2012 to 2021. At the same time, Samoa (+29.5%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +29.5% from 2012-2021. New Zealand experienced a relatively flat trend pattern. New Zealand (+4.1 p.p.) and Samoa (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -6.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported electronic machines and appliances for testing metals in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was held by New Zealand ($X), with a 6.6% share of total imports.

In Australia, electronic metal tester imports increased at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+1.9% per year) and Samoa (+28.1% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, with an increase of 22% against the previous year. In general, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of 66% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per unit), while Samoa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+16.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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