New Zealand: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in New Zealand

The New Zealand feedstuff preparing machinery market soared to $X in 2021, growing by 63% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Feedstuff Preparing Machinery Production in New Zealand

In value terms, feedstuff preparing machinery production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 83%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Feedstuff Preparing Machinery Exports

Exports from New Zealand

In 2021, approx. X units of machinery for preparing animal feedstuffs were exported from New Zealand; picking up by 8.7% on the previous year's figure. Over the period under review, exports, however, recorded a dramatic decline. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, feedstuff preparing machinery exports stood at $X in 2021. In general, exports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 53% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units), the UK (X units) and Ireland (X units) were the main destinations of feedstuff preparing machinery exports from New Zealand, together comprising 68% of total exports. These countries were followed by Poland, Argentina, Russia, Italy, Japan, Canada and South Korea, which together accounted for a further 32%.

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

In value terms, the largest markets for feedstuff preparing machinery exported from New Zealand were Australia ($X), the UK ($X) and Ireland ($X), together comprising 66% of total exports. Poland, Italy, Japan, Argentina, South Korea, Canada, Russia and France lagged somewhat behind, together accounting for a further 26%.

Italy, with a CAGR of +46.5%, recorded 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 feedstuff preparing machinery export price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Russia ($X per unit), while the average price for exports to Italy ($X per unit) and Argentina ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Feedstuff Preparing Machinery Imports

Imports into New Zealand

In 2021, supplies from abroad of machinery for preparing animal feedstuffs increased by 145% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, feedstuff preparing machinery imports soared to $X in 2021. Overall, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest feedstuff preparing machinery supplier to New Zealand, accounting for a 42% share of total imports. Moreover, feedstuff preparing machinery imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by Canada (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+34.3% per year) and Canada (+10.0% per year).

In value terms, the United States ($X) constituted the largest supplier of machinery for preparing animal feedstuffs to New Zealand, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by Canada, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+35.0% per year) and Canada (+9.1% per year).

Import Prices by Country

The average feedstuff preparing machinery import price stood at $X per unit in 2021, growing by 3.9% against the previous year. In general, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 5.3% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Australia ($X per unit), while the price for Denmark ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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