Australia: Wood Bending Machine Market 2022

Wood Bending Machine Market Size in Australia

The Australian wood bending machine market contracted significantly to $X in 2021, which is down by -35.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a deep downturn. Wood bending machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Bending Machine Exports

Exports from Australia

Wood bending machine exports from Australia contracted dramatically to X units in 2021, falling by -50% against the year before. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 150% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, wood bending machine exports shrank dramatically to $X in 2021. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2013 when exports increased by 58% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X units) was the main destination for wood bending machine exports from Australia, accounting for a 100% share of total exports. Moreover, wood bending machine exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea was relatively modest.

In value terms, New Zealand ($X) and Papua New Guinea ($X) were the largest markets for wood bending machine exported from Australia worldwide.

Among the main countries of destination, New Zealand, with a CAGR of -6.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, which is down by -62.5% against the previous year. Overall, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 398%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per unit), while the average price for exports to Papua New Guinea amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+86.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Australia

Wood bending machine imports into Australia shrank to X units in 2021, falling by -13.5% compared with the year before. Overall, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2016 with an increase of 49%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wood bending machine imports declined markedly to $X in 2021. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 182%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wood bending machine supplier to Australia, accounting for a 57% share of total imports. Moreover, wood bending machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.0% per year) and Italy (+17.1% per year).

In value terms, China ($X), the United States ($X) and Italy ($X) appeared to be the largest wood bending machine suppliers to Australia, with a combined 73% share of total imports. France, South Korea, Spain and Germany lagged somewhat behind, together comprising a further 5.2%.

Among the main suppliers, Spain, with a CAGR of +26.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, which is down by -46.1% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 90%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+49.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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