New Zealand: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in New Zealand

In 2022, after two years of growth, there was significant decline in the New Zealand meat-preparation industrial machinery market, when its value decreased by -7.6% to $X. Overall, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Meat-Preparation Industrial Machinery Production in New Zealand

In value terms, meat-preparation industrial machinery production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 with an increase of 90%. Meat-preparation industrial machinery production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports from New Zealand

In 2022, the amount of industrial machinery for the preparation of meat or poultry exported from New Zealand skyrocketed to X units, rising by 223% against the previous year. Overall, exports, however, continue to indicate a noticeable curtailment. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports surged to $X in 2022. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Australia (X units) and Spain (X units) were the main destinations of meat-preparation industrial machinery exports from New Zealand, together comprising 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +57.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and the UK ($X) were the largest markets for meat-preparation industrial machinery exported from New Zealand worldwide, with a combined 94% share of total exports. Canada, Spain, Ireland, Papua New Guinea and Mexico lagged somewhat behind, together accounting for a further 4.4%.

Ireland, with a CAGR of +51.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, declining by -6.1% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat-preparation industrial machinery export price decreased by -31.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Spain ($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 Canada (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into New Zealand

In 2022, the amount of industrial machinery for the preparation of meat or poultry imported into New Zealand expanded notably to X units, with an increase of 6.3% against the previous year's figure. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, meat-preparation industrial machinery imports reduced to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China (X units), Australia (X units) and Sweden (X units) were the main suppliers of meat-preparation industrial machinery imports to New Zealand, together comprising 56% of total imports. Iceland, the United States, Slovakia, Denmark, Austria, Germany, Italy, the Netherlands and Poland lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +62.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Germany ($X) and Australia ($X) appeared to be the largest meat-preparation industrial machinery suppliers to New Zealand, with a combined 55% share of total imports. Sweden, Iceland, China, the United States, the Netherlands, Italy, Slovakia, Austria and Poland lagged somewhat behind, together comprising a further 37%.

Slovakia, with a CAGR of +35.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 meat-preparation industrial machinery import price amounted to $X per unit, which is down by -14.4% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of 10% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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