Australia: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in Australia

In 2022, after two years of growth, there was decline in the Australian metal cutting shear market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal cutting shear consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Metal Cutting Shear Exports

Exports from Australia

In 2022, approx. X tons of metal cutting shears and similar hand tools were exported from Australia; growing by X% compared with the year before. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal cutting shear exports expanded notably to $X in 2022. Over the period under review, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for metal cutting shear exports from Australia, with a X% share of total exports. Moreover, metal cutting shear exports to New Zealand exceeded the volume sent to the second major destination, Russia (X kg), fourfold. China (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and China (X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for metal cutting shears and similar hand tools exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with an X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

In 2022, the average metal cutting shear export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per ton) and Papua New Guinea ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Metal Cutting Shear Imports

Imports into Australia

In 2022, metal cutting shear imports into Australia reduced to X tons, waning by X% on the previous year. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, metal cutting shear imports expanded slightly to $X in 2022. Overall, total imports indicated perceptible 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. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The United States (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of metal cutting shear imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and China ($X) were the largest metal cutting shear suppliers to Australia, together accounting for X% of total imports. Germany, Japan and Switzerland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Switzerland, with a CAGR of X%, saw 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

The average metal cutting shear import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Switzerland ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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