New Zealand: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in New Zealand

In 2022, after three years of growth, there was significant decline in the New Zealand industrial sewing machines (non-automatic) market, when its value decreased by -11.5% to $X. Overall, consumption saw a remarkable increase. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from New Zealand

In 2022, shipments abroad of industrial sewing machines (non-automatic) decreased by -57.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 207%. Over the period under review, the exports hit record highs at X units in 2021, and then fell markedly in the following year.

In value terms, industrial sewing machines (non-automatic) exports reduced sharply to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 273%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Australia (X units) was the main destination for industrial sewing machines (non-automatic) exports from New Zealand, accounting for a 63% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Australia exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Fiji (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+16.9% per year) and Fiji (-4.2% per year).

In value terms, Australia ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from New Zealand, comprising 77% of total exports. The second position in the ranking was held by Fiji ($X), with a 12% share of total exports. It was followed by Cook Islands, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-1.8% per year) and Cook Islands (+14.1% per year).

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, shrinking by -17.4% against the previous year. In general, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2014 an increase of 57%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Australia ($X per unit), while the average price for exports to the Netherlands ($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 Indonesia (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into New Zealand

After three years of growth, supplies from abroad of industrial sewing machines (non-automatic) decreased by -2% to X units in 2022. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2019 when imports increased by 74% against the previous year. Imports peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, industrial sewing machines (non-automatic) imports contracted markedly to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. 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 90% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, Vietnam (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to New Zealand, with a 60% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Singapore (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled +119.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.8% per year) and Singapore (+14.4% per year).

In value terms, the largest industrial sewing machines (non-automatic) suppliers to New Zealand were China ($X), Singapore ($X) and Vietnam ($X), with a combined 60% share of total imports.

Vietnam, with a CAGR of +79.7%, recorded the highest rates of growth with regard to 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

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, reducing by -32.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Vietnam ($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) (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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