Australia and Oceania: Household Hand Tools Market 2024

Household Hand Tools Market Size in Australia and Oceania

The household hand tools market in Australia and Oceania rose remarkably to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Household Hand Tools Production in Australia and Oceania

In value terms, household hand tools production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Household Hand Tools Exports

Exports in Australia and Oceania

In 2022, approx. X tons of household hand tools were exported in Australia and Oceania; declining by X% on the previous year. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, household hand tools exports soared to $X in 2022. Overall, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X tons), constituting an X% share of total exports.

Australia was also the fastest-growing in terms of the household hand tools exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by X percentage points.

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

In Australia, household hand tools exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 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%).

Household Hand Tools Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of household hand tools decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, household hand tools imports shrank to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Australia was the key importer of household hand tools 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), generating a X% share of total imports. The following importers - Papua New Guinea (X tons) and New Caledonia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to household hand tools imports into Australia stood at X%. At the same time, Papua New Guinea (X%) and New Caledonia (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia and Papua New Guinea increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, household hand tools imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (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 ton in 2022, rising by X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price 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, household hand tools import price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Australia ($X per ton) and New Zealand ($X per ton), while Papua New Guinea ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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