New Zealand: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in New Zealand

The New Zealand fats preparation machinery market reduced remarkably to $X in 2022, falling by -32.5% against the previous year. In general, consumption, however, posted a measured expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Fats Preparation Machinery Production in New Zealand

In value terms, fats preparation machinery production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a modest increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 92%. Fats preparation machinery production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fats Preparation Machinery Exports

Exports from New Zealand

For the third year in a row, New Zealand recorded decline in shipments abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, which decreased by -56.2% to X units in 2022. Over the period under review, exports saw a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 300%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, fats preparation machinery exports skyrocketed to $X in 2022. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 1,491% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units), Tonga (X units) and the United States (X units) were the main destinations of fats preparation machinery exports from New Zealand, with a combined 43% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for machinery for the extraction or preparation of animal or fixed vegetable fats or oils exports from New Zealand, comprising 76% of total exports. The second position in the ranking was taken by the United States ($X), with a 7% share of total exports. It was followed by South Korea, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.8% per year) and South Korea (-0.2% per year).

Export Prices by Country

The average fats preparation machinery export price stood at $X per unit in 2022, surging by 345% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Cook Islands ($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 New Caledonia (+139.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fats Preparation Machinery Imports

Imports into New Zealand

In 2022, approx. X units of machinery for the extraction or preparation of animal or fixed vegetable fats or oils were imported into New Zealand; waning by -79.8% compared with 2021 figures. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 1,527%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, fats preparation machinery imports shrank remarkably to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,964%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fats preparation machinery to New Zealand, with a 55% share of total imports. Moreover, fats preparation machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.5% per year) and Germany (+17.5% per year).

In value terms, China ($X) constituted the largest supplier of machinery for the extraction or preparation of animal or fixed vegetable fats or oils to New Zealand, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 21% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +75.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+61.0% per year) and Germany (+26.4% per year).

Import Prices by Country

The average fats preparation machinery import price stood at $X per unit in 2022, picking up by 13% against the previous year. In general, the import price enjoyed a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 174%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+70.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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