Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia (CIF) - 2024
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia (CIF) - 2024
In January 2024, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $76.2 per unit, dropping by -26.8% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 when the average import price increased by 206% against the previous month. Over the period under review, average import prices hit record highs at $122 per unit in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($270 per unit), while the price for India ($15.1 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $81 per unit, approximately reflecting the previous year. Overall, the export price, however, posted notable growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 94%. The export price peaked at $157 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Belgium ($3,656 per unit), while the average price for exports to New Zealand ($23 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 Belgium (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia
In 2022, after three years of growth, there was significant decline in overseas purchases of tools; for working in the hand, pneumatic, other than rotary type, when their volume decreased by -15.2% to 453K units. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of 535K units, and then declined notably in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type shrank slightly to $38M in 2022. The total import value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports attained the peak of $40M, and then declined modestly in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.0 | 10.9 | 15.7 | 15.9 | 20.9% |
| Taiwan (Chinese) | 6.1 | 6.0 | 7.6 | 8.5 | 11.7% |
| China | 6.2 | 6.2 | 7.5 | 4.8 | -8.2% |
| India | 0.8 | 0.9 | 1.3 | 1.6 | 26.0% |
| Japan | 1.8 | 1.6 | 1.9 | 1.4 | -8.0% |
| Others | 4.8 | 4.1 | 5.7 | 6.0 | 7.7% |
| Total | 28.7 | 29.7 | 39.7 | 38.3 | 10.1% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Australia in 2022:
- China (171.3K units)
- Taiwan (Chinese) (127.2K units)
- United States (69.8K units)
- India (54.8K units)
- Japan (10.1K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia
After two years of decline, shipments abroad of tools; for working in the hand, pneumatic, other than rotary type increased by 68% to 43K units in 2022. In general, exports, however, showed a perceptible curtailment. Over the period under review, the exports of tools; for working in hand, pneumatic, other than rotary type reached the maximum at 47K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type skyrocketed to $3.5M in 2022. Overall, total exports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.2% against 2020 indices. Over the period under review, the exports of tools; for working in hand, pneumatic, other than rotary type hit record highs at $3.7M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 835 | 1,314 | 674 | 724 | -4.6% |
| United States | 430 | 283 | 255 | 656 | 15.1% |
| Papua New Guinea | 133 | 92.6 | 152 | 572 | 62.6% |
| Mongolia | 2.3 | N/A | N/A | 564 | 525.9% |
| Netherlands | 94.6 | 87.0 | 102 | 198 | 27.9% |
| India | 11.3 | 34.6 | 6.7 | 151 | 137.3% |
| Philippines | 74.0 | 105 | N/A | 59.7 | -6.9% |
| Belgium | 773 | N/A | 6.3 | 11.0 | -75.8% |
| Others | 895 | 1,782 | 900 | 568 | -14.1% |
| Total | 3,248 | 3,698 | 2,095 | 3,504 | 2.6% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Australia in 2022:
- New Zealand (31.1K units)
- United States (2.8K units)
- Papua New Guinea (2.6K units)
- India (1.5K units)
- Mongolia (1.2K units)
- Netherlands (1.0K units)
- Philippines (0.5K units)
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