New Zealand: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in New Zealand

The New Zealand agricultural product dryer market soared to $X in 2021, growing by 76% against the previous year. Overall, consumption continues to indicate a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Agricultural Product Dryer Production in New Zealand

In value terms, agricultural product dryer production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 88% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined in the following year.

Agricultural Product Dryer Exports

Exports from New Zealand

After two years of growth, shipments abroad of dryers for the treatment of agricultural products decreased by -10% to X units in 2021. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 400%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural product dryer exports expanded to $X in 2021. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 1,099%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for agricultural product dryer exports from New Zealand, accounting for a 89% share of total exports. Moreover, agricultural product dryer exports to China exceeded the volume sent to the second major destination, Samoa (X units), eightfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +29.7%.

In value terms, China ($X) emerged as the key foreign market for dryers for the treatment of agricultural products exports from New Zealand, comprising 95% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.5% share of total exports. It was followed by the UK, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +106.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.9% per year) and the UK (-36.6% per year).

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to $X per unit, increasing by 13% against the previous year. Over the period under review, the export price showed a noticeable expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 230%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Samoa ($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 China (+27.4%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into New Zealand

In 2021, agricultural product dryer imports into New Zealand surged to X units, increasing by 114% against the previous year. In general, imports posted a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 186% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, agricultural product dryer imports soared to $X in 2021. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 209%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Denmark (X units) and the UK (X units) were the main suppliers of agricultural product dryer imports to New Zealand, with a combined 48% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural product dryer suppliers to New Zealand were Germany ($X), the UK ($X) and Denmark ($X), together comprising 56% of total imports.

Germany, with a CAGR of +74.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average agricultural product dryer import price amounted to $X per unit, increasing by 7.1% against the previous year. In general, the import price, however, saw a perceptible reduction. The growth pace was the most rapid in 2014 an increase of 54%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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