New Zealand: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in New Zealand

The New Zealand lathe for removing metal market skyrocketed to $X in 2021, jumping by 64% against the previous year. Over the period under review, consumption showed a remarkable increase. Lathe for removing metal consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Lathes For Removing Metal in New Zealand

In value terms, lathe for removing metal production soared to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 229%. Over the period under review, lafor removing metal production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from New Zealand

In 2021, after two years of decline, there was significant growth in shipments abroad of lathes for removing metal, when their volume increased by 150% to X units. In general, exports, however, showed a dramatic curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 629%. Over the period under review, the lafor removing metal exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, lathe for removing metal exports surged to $X in 2021. Overall, exports, however, recorded a significant curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units), the Philippines (X units) and Australia (X units) were the main destinations of lathe for removing metal exports from New Zealand, with a combined 80% share of total exports. Moreover, lathe for removing metal exports in the UK exceeded the figures recorded by the second-largest exporter, the Philippines, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) emerged as the key foreign market for lathes for removing metal exports from New Zealand, comprising 44% of total exports. The second position in the ranking was taken by Fiji ($X), with a 20% share of total exports. It was followed by Australia, with a 19% share.

From 2012 to 2021, the average annual growth rate of value to the Philippines stood at +34.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-0.7% per year) and Australia (-34.2% per year).

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, picking up by 67% against the previous year. Over the period under review, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 230%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to the UK ($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 Denmark (+824.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into New Zealand

In 2021, imports of lathes for removing metal into New Zealand surged to X units, growing by 135% compared with the previous year. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports skyrocketed to $X in 2021. Overall, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and South Korea (X units) were the main suppliers of lathe for removing metal imports to New Zealand, with a combined 86% share of total imports. Japan and the United States lagged somewhat behind, together accounting for a further 9.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the largest lathe for removing metal suppliers to New Zealand, together accounting for 71% of total imports.

Among the main suppliers, Japan, with a CAGR of +65.2%, 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

The average lathe for removing metal import price stood at $X per unit in 2021, declining by -6.6% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 Japan (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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