New Zealand: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in New Zealand

The New Zealand market for forage harvesters and other harvesting machines declined to $X in 2021, waning by -5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from New Zealand

In 2021, overseas shipments of forage harvesters and other harvesting machines increased by 17% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed significant growth. The growth pace was the most rapid in 2015 when exports increased by 683%. Over the period under review, the exports of hit record highs at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of forage harvesters and other harvesting machines surged to $X in 2021. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 421% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for exports of forage harvesters and other harvesting machines from New Zealand, accounting for a 78% share of total exports. Moreover, exports of forage harvesters and other harvesting machines to Australia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.7% per year) and the Netherlands (+24.2% per year).

In value terms, Australia ($X) remains the key foreign market for forage harvesters and other harvesting machines exports from New Zealand, comprising 78% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.4% share of total exports. It was followed by the Netherlands, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.3% per year) and the Netherlands (+61.5% per year).

Export Prices by Country

In 2021, the average export price for forage harvesters and other harvesting machines amounted to $X per unit, almost unchanged from the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 29%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Brazil ($X per unit) and the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into New Zealand

In 2021, the amount of forage harvesters and other harvesting machines imported into New Zealand totaled X units, stabilizing at 2020. In general, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 64% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of forage harvesters and other harvesting machines expanded slightly to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.7% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 64%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of forage harvesters and other harvesting machines to New Zealand, accounting for a 44% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from Germany exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.2% per year) and the Netherlands (+16.7% per year).

In value terms, Germany ($X) constituted the largest supplier of forage harvesters and other harvesting machines to New Zealand, comprising 44% of total imports. The second position in the ranking was held by France ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.9% per year) and the Netherlands (+15.4% per year).

Import Prices by Country

The average import price for forage harvesters and other harvesting machines stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 18% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Canada ($X per unit) and the United States ($X per unit), while the price for the UK ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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