Australia: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in Australia

The Australian wood milling machine market soared to $X in 2021, jumping by 29% 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 strong growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Wood Milling Machine Exports

Exports from Australia

In 2021, shipments abroad of planing, milling or moulding machines increased by 106% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 158% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood milling machine exports soared to $X in 2021. In general, exports, however, showed a perceptible decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for wood milling machine exports from Australia, accounting for a 47% share of total exports. Moreover, wood milling machine exports to the UK exceeded the volume sent to the second major destination, the United States (X units), twofold. New Zealand (X units) ranked third in terms of total exports with a 21% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+28.0% per year) and New Zealand (-0.7% per year).

In value terms, the largest markets for wood milling machine exported from Australia were the UK ($X), the United States ($X) and New Zealand ($X), with a combined 61% share of total exports.

The UK, with a CAGR of +24.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, surging by 168% against the previous year. In general, the export price posted moderate growth. The growth pace was the most rapid in 2019 an increase of 171% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to New Zealand ($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 Solomon Islands (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Australia

In 2021, approx. X units of planing, milling or moulding machines were imported into Australia; picking up by 34% against the previous year's figure. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of 108%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wood milling machine imports skyrocketed to $X in 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 117% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest wood milling machine supplier to Australia, accounting for a 82% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. Austria (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.1% per year) and Austria (+48.3% per year).

In value terms, China ($X) constituted the largest supplier of wood milling machine to Australia, comprising 53% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Germany, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+15.3% per year) and Germany (+2.1% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, declining by -3.5% against the previous year. Over the period under review, the import price, however, continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 73%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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