New Zealand: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in New Zealand

After two years of growth, the New Zealand industrial automatic sewing machine market decreased by -52.6% to $X in 2022. In general, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Exports of Industrial Automatic Sewing Machines

Exports from New Zealand

In 2022, after two years of growth, there was decline in shipments abroad of industrial automatic sewing machines, when their volume decreased by 0% to X units. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 233% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, industrial automatic sewing machine exports declined sharply to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 755%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cook Islands (X units) was the main destination for industrial automatic sewing machine exports from New Zealand, with a 70% share of total exports. Moreover, industrial automatic sewing machine exports to Cook Islands exceeded the volume sent to the second major destination, Tuvalu (X units), threefold. Tonga (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Cook Islands amounted to +110.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tuvalu (0.0% per year) and Tonga (0.0% per year).

In value terms, Cook Islands ($X), Tuvalu ($X) and Tonga ($X) constituted the largest markets for industrial automatic sewing machine exported from New Zealand worldwide, together comprising 99% of total exports.

In terms of the main countries of destination, Tonga, with a CAGR of +57.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average industrial automatic sewing machine export price stood at $X per unit in 2022, reducing by -91.7% against the previous year. In general, the export price faced a significant contraction. The pace of growth appeared the most rapid in 2020 an increase of 185% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tonga ($X per unit), while the average price for exports to Samoa ($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 Tonga (+57.0%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Automatic Sewing Machines

Imports into New Zealand

In 2022, supplies from abroad of industrial automatic sewing machines decreased by -55.7% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 232%. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, industrial automatic sewing machine imports skyrocketed to $X in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 324% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial automatic sewing machine to New Zealand, with a 58% share of total imports. Moreover, industrial automatic sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+45.2% per year) and the Netherlands (+13.1% per year).

In value terms, the Netherlands ($X), the United States ($X) and China ($X) were the largest industrial automatic sewing machine suppliers to New Zealand, together accounting for 70% of total imports. Turkey, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Vietnam, with a CAGR of +56.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial automatic sewing machine import price amounted to $X per unit, picking up by 175% against the previous year. In general, the import price continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 517% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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