New Zealand: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in New Zealand

The New Zealand horizontal machining centre market expanded markedly to $X in 2021, rising by 13% 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). Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in the near future.

Horizontal Machining Centre Exports

Exports from New Zealand

In 2021, overseas shipments of horizontal machining centres for working metal decreased by 0% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 100%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, horizontal machining centre exports soared to $X in 2021. In general, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 1,104%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Samoa (X units) was the main destination for horizontal machining centre exports from New Zealand, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Samoa was relatively modest.

In value terms, Canada ($X), India ($X) and Australia ($X) constituted the largest markets for horizontal machining centre exported from New Zealand worldwide, together accounting for 99% of total exports. These countries were followed by Samoa, which accounted for a further 0.8%.

Among the main countries of destination, Samoa, with a CAGR of -21.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average horizontal machining centre export price stood at $X per unit in 2021, with an increase of 98% against the previous year. Overall, the export price, however, faced a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 623% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

Horizontal Machining Centre Imports

Imports into New Zealand

After two years of decline, overseas purchases of horizontal machining centres for working metal increased by 26% to X units in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 78% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, horizontal machining centre imports reached $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 89% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of horizontal machining centre to New Zealand, accounting for a 33% share of total imports. Moreover, horizontal machining centre imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. South Korea (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.0% per year) and South Korea (+4.6% per year).

In value terms, Japan ($X), Italy ($X) and South Korea ($X) constituted the largest horizontal machining centre suppliers to New Zealand, with a combined 67% share of total imports.

Japan, with a CAGR of +28.2%, recorded 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 horizontal machining centre import price stood at $X per unit in 2021, with a decrease of -14.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2016 an increase of 39%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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