Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Australia - 2024

Contents:

1. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Australia (CIF) - 2022
2. Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Australia (FOB) - 2022
3. Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Australia
4. Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Australia

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Australia (CIF) - 2022

The average import price for drawing, marking-out or mathematical calculating instrumentses stood at $3.2 per unit in 2022, with an increase of 71% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for drawing, marking-out or mathematical calculating instrumentses increased by +120.3% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4.6 per unit), while the price for China ($2.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Drawing, Marking-Out or Mathematical Calculating Instruments in Australia (FOB) - 2022

The average export price for drawing, marking-out or mathematical calculating instrumentses stood at $4.3 per unit in 2022, shrinking by -2.6% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 751%. Over the period under review, the average export prices reached the peak figure at $149 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($41 per unit), while the average price for exports to New Zealand ($2.5 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 the United States (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in Australia

In 2022, imports of drawing, marking-out or mathematical calculating instrumentses into Australia plummeted to 2.6M units, waning by -37% against 2021. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of 4.2M units, and then shrank notably in the following year.

In value terms, imports of drawing, marking-out or mathematical calculating instrumentses rose remarkably to $8.4M in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to Australia in 2022:

1. China (1670.9K units)
2. United States (473.7K units)
3. India (118.7K units)
4. Germany (113.0K units)
5. Taiwan (Chinese) (93.8K units)
6. United Kingdom (49.2K units)
7. Vietnam (45.1K units)

Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in Australia

For the fourth year in a row, Australia recorded growth in shipments abroad of drawing, marking-out or mathematical calculating instrumentses, which increased by 30% to 71K units in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 193%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of drawing, marking-out or mathematical calculating instrumentses surged to $302K in 2022. In general, exports, however, saw a dramatic setback. The exports peaked at $607K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from Australia in 2022:

1. New Zealand (63.6K units)
2. Vietnam (3.0K units)
3. United States (2.3K units)
4. Papua New Guinea (0.5K units)

Source: IndexBox Market Intelligence Platform