New Zealand: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in New Zealand

In 2021, the New Zealand machine-tool for working metal market decreased by -34.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a mild descent. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Machine Tools For Working Metal in New Zealand

In value terms, machine-tool for working metal production fell to $X in 2021 estimated in export price. Overall, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 265%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from New Zealand

In 2021, the amount of machine tools for working metal exported from New Zealand soared to X units, with an increase of 272% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Australia (X units) and Ireland (X units) were the main destinations of machine-tool for working metal exports from New Zealand, with a combined 75% share of total exports. China, Canada, the UK, Japan and Thailand lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from New Zealand were the United States ($X), Australia ($X) and the UK ($X), with a combined 75% share of total exports. These countries were followed by China, Ireland, Canada, Japan and Thailand, which together accounted for a further 8.3%.

Canada, with a CAGR of +57.0%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average machine-tool for working metal export price amounted to $X per unit, shrinking by -32.9% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 757% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Japan ($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 Australia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into New Zealand

In 2021, imports of machine tools for working metal into New Zealand skyrocketed to X units, with an increase of 153% compared with 2020 figures. Overall, imports, however, faced a deep setback. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working metal imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a mild decrease. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of machine-tool for working metal imports to New Zealand, together accounting for 59% of total imports. These countries were followed by Australia, Switzerland, the Philippines, Germany, the United States, Taiwan (Chinese), Japan, South Korea and the UK, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of machine tools for working metal to New Zealand, comprising 30% of total imports. The second position in the ranking was held by Australia ($X), with a 15% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+10.4% per year) and Italy (+0.1% per year).

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, waning by -36.5% against the previous year. In general, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 136% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for the Philippines ($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 (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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