Australia and Oceania: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Australia and Oceania

In 2023, the lathe for removing metal market in Australia and Oceania increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption posted a resilient increase. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

Production of Lathes For Removing Metal in Australia and Oceania

In value terms, lathe for removing metal production expanded modestly to $X in 2023 estimated in export price. In general, production showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, lafor removing metal production attained the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in Australia and Oceania

In 2023, approx. X units of lathes for removing metal were exported in Australia and Oceania; shrinking by X% compared with the previous year's figure. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, lathe for removing metal exports contracted notably to $X in 2023. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. 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

Australia dominates exports structure, resulting at X units, which was near X% of total exports in 2023. It was distantly followed by New Zealand (X units), committing an X% share of total exports.

Australia was also the fastest-growing in terms of the lathes for removing metal exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) remains the largest lathe for removing metal supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Australia stood at X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the export price enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Imports of Lathes For Removing Metal

Imports in Australia and Oceania

In 2023, supplies from abroad of lathes for removing metal decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, lathe for removing metal imports shrank to $X in 2023. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, amounting to X units, which was near X% of total imports in 2023. It was distantly followed by New Zealand (X units), constituting a X% share of total imports. Fiji (X units) held a relatively small share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Fiji (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported lathes for removing metal in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, lathe for removing metal imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform