New Zealand: Public Works Machinery Market 2024

Public Works Machinery Market Size in New Zealand

The New Zealand public works machinery market soared to $X in 2021, surging by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Public Works Machinery Exports

Exports from New Zealand

For the fourth year in a row, New Zealand recorded growth in shipments abroad of machinery for public works and building, which increased by 41% to X units in 2021. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 159%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, public works machinery exports declined to $X in 2021. In general, exports, however, continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 147%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units), Germany (X units) and French Polynesia (X units) were the main destinations of public works machinery exports from New Zealand, with a combined 41% share of total exports. South Africa, the United Arab Emirates, Australia, Denmark, Sweden, Guam, France, Thailand, Finland and Malaysia lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for public works machinery exported from New Zealand were Australia ($X), Taiwan (Chinese) ($X) and French Polynesia ($X), with a combined 49% share of total exports. These countries were followed by South Africa, the United Arab Emirates, Germany, Thailand, France, Guam, Sweden, Malaysia, Finland and Denmark, which together accounted for a further 31%.

In terms of the main countries of destination, Sweden, with a CAGR of +791.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2021, dropping by -36.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2018 an increase of 86% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 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, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Denmark ($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 Sweden (+530.4%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into New Zealand

In 2021, approx. X units of machinery for public works and building were imported into New Zealand; picking up by 4.2% on the previous year. Over the period under review, imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of 190% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, public works machinery imports soared to $X in 2021. In general, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X units), Germany (X units) and China (X units) were the main suppliers of public works machinery imports to New Zealand, with a combined 68% share of total imports. The United States, Turkey, Italy and Hungary lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +40.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machinery for public works and building to New Zealand, comprising 26% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.2% per year) and the United States (+28.4% per year).

Import Prices by Country

The average public works machinery import price stood at $X per unit in 2021, increasing by 74% against the previous year. Over the period under review, the import price posted a mild increase. The most prominent rate of growth was recorded in 2016 an increase of 123%. The import price peaked in 2021 and is likely to continue growth in the near future.

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 Italy ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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