New Zealand: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in New Zealand

After five years of growth, the New Zealand sewing machine furniture market decreased by -11.3% to $X in 2022. Overall, consumption, however, recorded a pronounced expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Sewing Machine Furniture Exports

Exports from New Zealand

In 2022, shipments abroad of furniture, bases and covers for sewing machines decreased by -33% to X kg, falling for the second consecutive year after five years of growth. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 1,225% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, sewing machine furniture exports contracted markedly to $X in 2022. Over the period under review, exports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2013 with an increase of 882%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cook Islands (X kg), Fiji (X kg) and Australia (X kg) were the main destinations of sewing machine furniture exports from New Zealand, together comprising 81% of total exports. Poland, the United States and Tonga lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +29.4%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for furniture, bases and covers for sewing machines exports from New Zealand, comprising 63% of total exports. The second position in the ranking was held by Fiji ($X), with a 26% share of total exports. It was followed by Poland, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-1.0% per year) and Poland (-10.3% per year).

Export Prices by Country

In 2022, the average sewing machine furniture export price amounted to $X per ton, with an increase of 20% against the previous year. Overall, the export price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2017 an increase of 123%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Cook Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.8%), while the prices for the other major destinations experienced a decline.

Sewing Machine Furniture Imports

Imports into New Zealand

After five years of growth, overseas purchases of furniture, bases and covers for sewing machines decreased by -9.1% to X tons in 2022. Over the period under review, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2013 when imports increased by 71% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, sewing machine furniture imports declined dramatically to $X in 2022. In general, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of 138%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main suppliers of sewing machine furniture imports to New Zealand, with a combined 74% share of total imports. Australia, Hong Kong SAR, the United States and India lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +103.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Taiwan (Chinese) ($X) were the largest sewing machine furniture suppliers to New Zealand, together comprising 54% of total imports. The United States, Australia, India and Hong Kong SAR lagged somewhat behind, together comprising a further 19%.

India, with a CAGR of +105.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sewing machine furniture import price stood at $X per ton in 2022, reducing by -9.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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