New Zealand: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in New Zealand

In 2022, the New Zealand market for industrial, laboratory or bakery ovens decreased by -28.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw significant growth. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from New Zealand

In 2022, approx. X units of industrial, laboratory or bakery ovens were exported from New Zealand; dropping by -20.6% compared with the previous year's figure. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven exports contracted markedly to $X in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,339%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units), Taiwan (Chinese) (X units) and Singapore (X units) were the main destinations of industrial, laboratory or bakery oven exports from New Zealand, together accounting for 33% of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from New Zealand, comprising 47% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports. It was followed by China, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +75.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+45.0% per year) and China (+15.1% per year).

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, which is down by -33.1% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,424% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Samoa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+57.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into New Zealand

In 2022, after two years of growth, there was significant decline in supplies from abroad of industrial, laboratory or bakery ovens, when their volume decreased by -28.4% to X units. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 159% against the previous year. As a result, imports reached the peak of X units, and then contracted significantly in the following year.

In value terms, industrial, laboratory or bakery oven imports shrank rapidly to $X in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 132% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest industrial, laboratory or bakery oven supplier to New Zealand, accounting for a 52% share of total imports. Moreover, industrial, laboratory or bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.2% per year) and Germany (+42.7% per year).

In value terms, the largest industrial, laboratory or bakery oven suppliers to New Zealand were China ($X), Italy ($X) and Germany ($X), with a combined 33% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +58.8%, saw the highest rates of growth with regard to 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

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price recorded a pronounced decrease. The pace of growth was the most pronounced in 2018 an increase of 59% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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