Australia: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Australia

In 2021, the Australian stone polishing machine market increased by 3.7% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a temperate increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Stone Polishing Machine Exports

Exports from Australia

In 2021, after two years of decline, there was significant growth in overseas shipments of grinding or polishing machines for working stone, ceramics and concrete, when their volume increased by 22% to X units. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 172% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, stone polishing machine exports soared to $X in 2021. Over the period under review, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X units), Vietnam (X units) and the United States (X units) were the main destinations of stone polishing machine exports from Australia, with a combined 86% share of total exports. Israel, Papua New Guinea, Kenya and China lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +40.0%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Australia, comprising 80% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 9.5% share of total exports. It was followed by New Zealand, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel totaled +95.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (0.0% per year) and New Zealand (+2.9% per year).

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2021, increasing by 476% against the previous year. Over the period under review, the export price posted a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+70.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Australia

In 2021, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete decreased by -21.6% to X units, falling for the fifth year in a row after three years of growth. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, stone polishing machine imports surged to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.7% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 59% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and Sweden (X units) were the main suppliers of stone polishing machine imports to Australia, with a combined 68% share of total imports. Turkey, Austria, the United States and Germany lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Sweden ($X) were the largest stone polishing machine suppliers to Australia, with a combined 76% share of total imports.

Among the main suppliers, Sweden, with a CAGR of +21.8%, recorded the highest growth rate of 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

The average stone polishing machine import price stood at $X per unit in 2021, increasing by 56% against the previous year. Overall, the import price enjoyed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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