Australia and Oceania: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Australia and Oceania

In 2022, after three years of decline, there was significant growth in the machine-tool for working metal market in Australia and Oceania, when its value increased by X% to $X. The total consumption indicated buoyant growth 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. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Australia and Oceania

In value terms, machine-tool for working metal production reduced slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports in Australia and Oceania

In 2022, machine-tool for working metal exports in Australia and Oceania reduced notably to X units, declining by X% on 2021. Overall, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working metal exports declined to $X in 2022. Over the period under review, exports, however, posted a tangible increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia represented the major exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by New Zealand (X units), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for working metal 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. From 2012 to 2022, the share of New Zealand increased by X percentage points.

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

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

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Australia (X%).

Imports of Machine Tools For Working Metal

Imports in Australia and Oceania

In 2022, supplies from abroad of machine tools for working metal increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, imports enjoyed a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports rose markedly to $X in 2022. Total imports indicated a pronounced 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Australia dominates imports structure, reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X units), mixing up a X% share of total imports.

Australia was also the fastest-growing in terms of the machine tools for working metal imports, with a CAGR of X% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Australia increased by X percentage points.

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

In Australia, machine-tool for working metal imports increased 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, waning by X% against the previous year. Over the period under review, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 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 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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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