Australia: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Australia

In 2023, the Australian lathe for removing metal market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption continues to indicate buoyant growth. Lathe for removing metal consumption peaked in 2023 and is likely to see gradual growth in the near future.

Production of Lathes For Removing Metal in Australia

In value terms, lathe for removing metal production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production recorded a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Lathe for removing metal production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from Australia

In 2023, exports of lathes for removing metal from Australia shrank dramatically to X units, declining by X% against the previous year's figure. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X units. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, lathe for removing metal exports contracted significantly to $X in 2023. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the lafor removing metal exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Canada (X units), New Zealand (X units) and France (X units) were the main destinations of lathe for removing metal exports from Australia, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for lathes for removing metal exports from Australia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and India (X% per year).

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2023, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Australia

In 2023, purchases abroad of lathes for removing metal decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, lathe for removing metal imports declined to $X in 2023. Overall, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, lafor removing metal imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest lathe for removing metal supplier to Australia, with a X% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Belgium (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Belgium (X% per year).

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) constituted the largest lathe for removing metal suppliers to Australia, together comprising X% of total imports. South Korea, the United States, Belgium and Canada lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform