Australia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Australia

The Australian wood drilling machine market reduced sharply to $X in 2022, which is down by X% 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). In general, consumption saw a slight descent. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Wood Drilling Machine Exports

Exports from Australia

In 2022, approx. X units of drilling or morticing machines were exported from Australia; with an increase of X% compared with the previous year's figure. Over the period under review, exports saw a notable expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wood drilling machine exports skyrocketed to $X in 2022. In general, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X units) was the main destination for wood drilling machine exports from Australia, with a X% share of total exports. Moreover, wood drilling machine exports to Papua New Guinea exceeded the volume sent to the second major destination, South Korea (X units), threefold. India (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Papua New Guinea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and India (X% per year).

In value terms, Papua New Guinea ($X) remains the key foreign market for drilling or morticing machines exports from Australia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Australia

In 2022, imports of drilling or morticing machines into Australia fell rapidly to X units, dropping by X% against the previous year's figure. In general, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, wood drilling machine imports rose slightly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wood drilling machine to Australia, accounting for a X% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), eightfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of drilling or morticing machines to Australia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average wood drilling machine import price amounted to $X per unit, growing by X% against the previous year. Overall, import price indicated a tangible expansion 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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