New Zealand: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in New Zealand

The New Zealand stone polishing machine market shrank notably to $X in 2022, dropping by -44.3% 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). In general, consumption, however, recorded a perceptible increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from New Zealand

Stone polishing machine exports from New Zealand contracted rapidly to X units in 2022, with a decrease of -30.3% compared with the previous year. Overall, exports showed a slight setback. The most prominent rate of growth was recorded in 2019 with an increase of 382%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, stone polishing machine exports dropped sharply to $X in 2022. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 874%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for stone polishing machine exports from New Zealand, with a approx. 96% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +12.7%.

In value terms, Australia ($X) also remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from New Zealand.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +12.1%.

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2022, falling by -7.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 117% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +2.0% per year.

Stone Polishing Machine Imports

Imports into New Zealand

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were imported into New Zealand; which is down by -54.3% against the year before. Overall, imports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2019 with an increase of 127% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stone polishing machine imports reduced markedly to $X in 2022. In general, imports, however, showed a noticeable increase. The growth pace was the most rapid in 2019 with an increase of 158% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Austria (X units) constituted the largest stone polishing machine supplier to New Zealand, with a 39% share of total imports. Moreover, stone polishing machine imports from Austria exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. Italy (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria amounted to +65.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+19.8% per year) and Italy (-12.4% per year).

In value terms, Austria ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to New Zealand, comprising 41% of total imports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria totaled +92.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+21.0% per year) and Italy (-11.9% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, growing by 49% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stone polishing machine import price increased by +87.9% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :