Australia and Oceania: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Australia and Oceania

In 2022, after five years of growth, there was significant decline in the machine-tool for removing material market in Australia and Oceania, when its value decreased by X% to $X. In general, consumption continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Machine-Tools For Working Any Material By Removal Of Material in Australia and Oceania

In value terms, machine-tool for removing material production dropped to $X in 2022 estimated in export price. In general, production, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in Australia and Oceania

In 2022, overseas shipments of machine-tools for working any material by removal of material were finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia was the key exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by New Zealand (X units), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for removing material exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest machine-tool for removing material supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand stood at X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, rising by X% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

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

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in Australia and Oceania

In 2022, supplies from abroad of machine-tools for working any material by removal of material increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, machine-tool for removing material imports rose to $X in 2022. Over the period under review, imports showed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Australia (X units) was the main importer of machine-tools for working any material by removal of material in Australia and Oceania, committing X% of total import.

Australia was also the fastest-growing in terms of the machine-tools for working any material by removal of material imports, with a CAGR of X% from 2012 to 2022. 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) constitutes the largest market for imported machine-tools for working any material by removal of material in Australia and Oceania.

In Australia, machine-tool for removing material imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, 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.

Source: IndexBox Platform

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