Australia - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price in Australia - 2023
Contents:
- Electric Soldering Iron Price in Australia (CIF) - 2022
- Electric Soldering Iron Price in Australia (FOB) - 2022
- Electric Soldering Iron Imports in Australia
- Electric Soldering Iron Exports in Australia
Electric Soldering Iron Price in Australia (CIF) - 2022
In 2022, the average electric soldering iron import price amounted to $11 per unit, surging by 6.1% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric soldering iron import price increased by +94.6% against 2013 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 20% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($23 per unit), while the price for the United States ($4.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Soldering Iron Price in Australia (FOB) - 2022
In 2022, the average electric soldering iron export price amounted to $20 per unit, surging by 36% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. Over the period under review, the average export prices hit record highs at $30 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($66 per unit), while the average price for exports to Vanuatu ($8.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Electric Soldering Iron Imports in Australia
In 2022, electric soldering iron imports into Australia reduced remarkably to 390K units, which is down by -22% on 2021. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 36%. As a result, imports reached the peak of 500K units, and then dropped notably in the following year.
In value terms, electric soldering iron imports plummeted to $4.1M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, imports attained the peak of $5M, and then dropped rapidly in the following year.
Import of Electric Soldering Iron in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,320 | 2,415 | 3,696 | 3,273 | 12.2% |
Mexico | 29.7 | 107 | 389 | 213 | 92.8% |
Taiwan (Chinese) | 125 | 136 | 311 | 184 | 13.8% |
Hong Kong SAR | 10.4 | 32.9 | 9.1 | 88.1 | 103.9% |
United States | 26.5 | 173 | 71.9 | 27.9 | 1.7% |
Others | 410 | 357 | 530 | 356 | -4.6% |
Total | 2,923 | 3,220 | 5,006 | 4,142 | 12.3% |
Top Suppliers of Electric Soldering Iron to Australia in 2022:
- China (352.3K units)
- Mexico (12.3K units)
- Taiwan (Chinese) (7.9K units)
- Hong Kong SAR (6.2K units)
- United States (6.0K units)
Electric Soldering Iron Exports in Australia
After three years of growth, shipments abroad of electric soldering irons and guns decreased by -67.4% to 7.9K units in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 434%. As a result, the exports reached the peak of 24K units, and then shrank markedly in the following year.
In value terms, electric soldering iron exports contracted significantly to $160K in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 305% against the previous year. As a result, the exports reached the peak of $360K, and then shrank dramatically in the following year.
Export of Electric Soldering Iron in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 23.4 | 57.2 | 239 | 89.6 | 56.4% |
Mongolia | N/A | N/A | N/A | 20.8 | 0% |
Papua New Guinea | 2.3 | 0.3 | 4.3 | 11.5 | 71.0% |
Malaysia | N/A | N/A | N/A | 10.1 | 0% |
Netherlands | N/A | 2.1 | N/A | 9.4 | 111.6% |
Vanuatu | N/A | N/A | N/A | 1.9 | 0% |
Hong Kong SAR | N/A | N/A | 68.4 | N/A | 0% |
Mexico | 11.6 | N/A | N/A | N/A | 0% |
Others | 43.5 | 29.5 | 48.9 | 16.3 | -27.9% |
Total | 80.7 | 89.0 | 360 | 160 | 25.6% |
Top Export Markets for Electric Soldering Iron from Australia in 2022:
- New Zealand (6.2K units)
- Netherlands (0.5K units)
- Mongolia (0.3K units)
- Malaysia (0.3K units)
- Papua New Guinea (0.2K units)
- Vanuatu (0.2K units)
This report provides an in-depth analysis of the electric soldering iron market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27903109 - Electric soldering irons and guns
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Imports of Electric Soldering Iron have reached their highest point and are expected to continue growing in the near future. The value of these imports surged to $276K in November 2023.
Imports of Electric Soldering Iron have reached their highest point and are expected to continue growing in the near future. The value of these imports surged to $276K in November 2023.