New Zealand: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in New Zealand

The New Zealand wood drilling machine market surged to $X in 2021, picking up by 17% against the previous year. Overall, consumption enjoyed a strong increase. Wood drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Drilling Machine Production in New Zealand

In value terms, wood drilling machine production soared to $X in 2021 estimated in export price. Over the period under review, production posted a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 131% against the previous year. Wood drilling machine production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports from New Zealand

In 2021, approx. X units of drilling or morticing machines were exported from New Zealand; waning by -37.5% on the previous year. In general, exports showed a sharp slump. The pace of growth appeared the most rapid in 2013 when exports increased by 92% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood drilling machine exports contracted rapidly to $X in 2021. Overall, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2018 with an increase of 7,140%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) and Tonga (X units) were the main destinations of wood drilling machine exports from New Zealand.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of -5.5%).

In value terms, the UK ($X) emerged as the key foreign market for drilling or morticing machines exports from New Zealand, comprising 69% of total exports. The second position in the ranking was taken by Australia ($X), with a 4.4% share of total exports. It was followed by New Caledonia, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled -20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-35.0% per year) and New Caledonia (-0.2% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, dropping by -96.6% against the previous year. Over the period under review, the export price, however, saw significant growth. The pace of growth appeared the most rapid in 2018 an increase of 17,483%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Tonga ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+118.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into New Zealand

In 2021, approx. X units of drilling or morticing machines were imported into New Zealand; reducing by -52.5% compared with 2020. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 213%. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, wood drilling machine imports fell markedly to $X in 2021. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 142%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Singapore (X units), China (X units) and Australia (X units) were the main suppliers of wood drilling machine imports to New Zealand, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +48.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of drilling or morticing machines to New Zealand, comprising 16% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 0.4% share of total imports. It was followed by Australia, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-25.3% per year) and Australia (-28.6% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, with an increase of 18% against the previous year. Over the period under review, the import price, however, saw a deep setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+22.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :