Australia and Oceania: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in Australia and Oceania

In 2023, the metal cutting shear market in Australia and Oceania increased by X% to $X, rising for the fourth year in a row after three years of decline. The total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Metal Cutting Shear Production in Australia and Oceania

In value terms, metal cutting shear production totaled $X in 2023 estimated in export price. Over the period under review, production saw a drastic downturn. The growth pace was the most rapid in 2013 when the production volume decreased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Metal Cutting Shear Exports

Exports in Australia and Oceania

In 2023, shipments abroad of metal cutting shears and similar hand tools increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. 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 tons. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, metal cutting shear exports surged to $X in 2023. In general, exports showed a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Australia represented the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by New Zealand (X tons), comprising a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of X%).

In value terms, the largest metal cutting shear supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, increasing by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal cutting shear export price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

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

Metal Cutting Shear Imports

Imports in Australia and Oceania

In 2023, metal cutting shear imports in Australia and Oceania totaled X tons, increasing by X% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, metal cutting shear imports soared to $X in 2023. Total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

Australia was the key importer of metal cutting shears and similar hand tools in Australia and Oceania, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. New Zealand (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (X%). Papua New Guinea (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern with regard to volume of imports of metal cutting shears and similar hand tools. At the same time, Fiji (X%), Papua New Guinea (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. While the share of Fiji (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported metal cutting shears and similar hand tools in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by Fiji, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Australia stood at X%. In the other countries, the average annual rates were as follows: 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 ton in 2023, picking up by X% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in years to come.

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 ($X per ton), while Fiji ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform