New Zealand: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in New Zealand

The New Zealand grinding and sharpening machine market rose modestly to $X in 2022, picking up by 1.5% against the previous year. In general, consumption continues to indicate buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in New Zealand

In value terms, grinding and sharpening machine production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 264%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from New Zealand

In 2022, the amount of grinding and sharpening metal finishing machines exported from New Zealand declined markedly to X units, shrinking by -95.8% against the year before. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 14,114%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports shrank significantly to $X in 2022. Overall, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2015 with an increase of 805%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Lithuania (X units), Fiji (X units) and Australia (X units) were the main destinations of grinding and sharpening machine exports from New Zealand, with a combined 70% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +3.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from New Zealand, comprising 66% of total exports. The second position in the ranking was held by Lithuania ($X), with a 27% share of total exports. It was followed by Hong Kong SAR, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Australia stood at -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+0.8% per year) and Hong Kong SAR (-14.1% per year).

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, picking up by 358% against the previous year. Overall, the export price saw resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 1,387% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Samoa ($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 Lithuania (+950.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into New Zealand

In 2022, imports of grinding and sharpening metal finishing machines into New Zealand contracted to X units, with a decrease of -6.7% compared with 2021 figures. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of 168% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, grinding and sharpening machine imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding and sharpening machine to New Zealand, accounting for a 55% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by Australia (X units), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.2% per year) and Australia (-10.0% per year).

In value terms, Germany ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to New Zealand, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Australia, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.5% per year) and Australia (-1.4% per year).

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, rising by 145% against the previous year. Overall, the import price recorded a temperate expansion. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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