The export value of machine tools for finishing metals from Australia demonstrated significant fluctuations from 2013 to 2023. Starting at 4.2466 million USD in 2013, there was a marked decline of 75.34% in 2014, followed by minor growth and further volatility. By 2023, the value stood at 1.1384 million USD, reflecting a 14% reduction from the previous year and a negative 16.24% CAGR over the last five years.
Over the next five years, the exports are expected to continue declining sharply, with a forecasted value of 0.17042 million USD by 2028, corresponding to a -28.85% CAGR and an overall decrease of 81.77% from 2023.
Future trends to watch for:
- Potential impact of evolving trade policies
- Technological advancements in manufacturing
- Shift in global demand for metal finishing machinery
- Economic conditions influencing industrial investments
