New Zealand: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Exports

Exports from New Zealand

In 2022, industrial bakery machinery exports from New Zealand shrank dramatically to X units, waning by -61.9% on the previous year's figure. Over the period under review, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 1,547% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports reduced sharply to $X in 2022. In general, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 1,640% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for industrial bakery machinery exports from New Zealand, with a 67% share of total exports. Moreover, industrial bakery machinery exports to Australia exceeded the volume sent to the second major destination, Samoa (X units), sixfold. The third position in this ranking was held by Papua New Guinea (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to -26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (-22.7% per year) and Papua New Guinea (-0.9% per year).

In value terms, Australia ($X) remains the key foreign market for industrial bakery machinery exports from New Zealand, comprising 59% of total exports. The second position in the ranking was held by Samoa ($X), with a 16% share of total exports. It was followed by Papua New Guinea, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to -25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (-9.8% per year) and Papua New Guinea (-2.7% per year).

Export Prices by Country

In 2022, the average industrial bakery machinery export price amounted to $X per unit, jumping by 30% against the previous year. In general, the export price posted a slight increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 134%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Samoa ($X per unit), while the average price for exports to Maldives ($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 Samoa (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into New Zealand

In 2022, approx. X units of industrial bakery machinery were imported into New Zealand; with an increase of 4.5% on the previous year. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 41%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, industrial bakery machinery imports soared to $X in 2022. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 91%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and the UK (X units) were the main suppliers of industrial bakery machinery imports to New Zealand, with a combined 59% share of total imports. These countries were followed by the United States, the Netherlands, Belgium, Germany, Taiwan (Chinese), France, Australia, Austria and Estonia, which together accounted for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +31.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Italy ($X) appeared to be the largest industrial bakery machinery suppliers to New Zealand, with a combined 59% share of total imports.

The UK, with a CAGR of +28.5%, 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 industrial bakery machinery import price stood at $X per unit in 2022, with an increase of 12% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial bakery machinery import price increased by +71.6% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 40%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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