New Zealand: Dairy Machinery Market 2024

Dairy Machinery Market Size in New Zealand

For the fifth consecutive year, the New Zealand dairy machinery market recorded growth in sales value, which increased by 18% to $X in 2022. Over the period under review, consumption posted prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Dairy Machinery Production in New Zealand

In value terms, dairy machinery production contracted to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 1,153% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Dairy Machinery Exports

Exports from New Zealand

Dairy machinery exports from New Zealand contracted significantly to X units in 2022, dropping by -54.9% on 2021. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 125%. The exports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, dairy machinery exports fell significantly to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 130% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

The United States (X units), Ireland (X units) and Australia (X units) were the main destinations of dairy machinery exports from New Zealand, together accounting for 67% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +65.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dairy machinery exported from New Zealand were the United States ($X), Ireland ($X) and Australia ($X), with a combined 67% share of total exports.

Ireland, with a CAGR of +59.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dairy machinery export price stood at $X per unit in 2022, with a decrease of -6.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per unit) and Chile ($X per unit), while the average price for exports to Japan ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Dairy Machinery Imports

Imports into New Zealand

In 2022, purchases abroad of dairy machinery increased by 125% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 993%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dairy machinery imports soared to $X in 2022. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 948% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Denmark (X units) and Germany (X units) were the main suppliers of dairy machinery imports to New Zealand, with a combined 77% share of total imports. Sweden, Israel, the United States, Italy and Australia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +210.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy machinery suppliers to New Zealand were China ($X), Denmark ($X) and Germany ($X), together comprising 77% of total imports. Sweden, Israel, the United States, Italy and Australia lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Israel, with a CAGR of +433.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dairy machinery import price stood at $X per unit in 2022, reducing by -10.3% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 59% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per unit) and Israel ($X per unit), while the price for Germany ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+71.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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