Australia and Oceania: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Australia and Oceania

The gear cutting machine market in Australia and Oceania contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, continues 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, consumption reached the peak level of $X, and then declined in the following year.

Gear Cutting Machine Production in Australia and Oceania

In value terms, gear cutting machine production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Gear Cutting Machine Exports

Exports in Australia and Oceania

Gear cutting machine exports skyrocketed to X units in 2022, growing by X% on 2021. Over the period under review, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gear cutting machine exports surged to $X in 2022. Overall, exports continue to indicate a prominent expansion. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units) represented roughly X% of total exports in 2022.

Australia was also the fastest-growing in terms of the gear cutting, gear grinding or gear finishing machines exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest gear cutting machine supplier in Australia and Oceania.

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

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Gear Cutting Machine Imports

Imports in Australia and Oceania

In 2022, the amount of gear cutting, gear grinding or gear finishing machines imported in Australia and Oceania fell sharply to X units, with a decrease of X% on 2021. Overall, imports saw a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gear cutting machine imports stood at $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Australia was the key importing country with an import of about X units, which recorded X% of total imports. Fiji (X units) held the second position in the ranking, followed by Papua New Guinea (X units). All these countries together took approx. X% share of total imports. The following importers - New Zealand (X units) and Palau (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gear cutting machine imports into Australia stood at X%. At the same time, Fiji (X%) and Papua New Guinea (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. By contrast, New Zealand (X%) and Palau (X%) illustrated a downward trend over the same period. Australia (X p.p.), Fiji (X p.p.), Papua New Guinea (X p.p.), New Zealand (X p.p.) and Palau (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (X% per year) and New Zealand (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Papua New Guinea ($X per unit), while Palau ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform

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