New Zealand: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in New Zealand

The New Zealand food manufacture machinery market surged to $X in 2021, with an increase of 19% against the previous year. Over the period under review, consumption, however, enjoyed a significant expansion. Food manufacture machinery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Food Manufacture Machinery Production in New Zealand

In value terms, food manufacture machinery production rose notably to $X in 2021 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 159%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Food Manufacture Machinery Exports

Exports from New Zealand

In 2021, food manufacture machinery exports from New Zealand skyrocketed to X units, with an increase of 63% against 2020 figures. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, food manufacture machinery exports soared to $X in 2021. Over the period under review, exports recorded a noticeable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X units), the United States (X units) and China (X units) were the main destinations of food manufacture machinery exports from New Zealand, together accounting for 73% of total exports. These countries were followed by the UK, Indonesia, Canada and Singapore, which together accounted for a further 16%.

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 +62.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and China ($X) constituted the largest markets for food manufacture machinery exported from New Zealand worldwide, together accounting for 78% of total exports. Canada, Indonesia, Singapore and the UK lagged somewhat behind, together accounting for a further 15%.

Canada, with a CAGR of +73.0%, saw the highest rates of growth with regard to 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 food manufacture machinery export price stood at $X per unit in 2021, surging by 6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2015 when the average export price increased by 25%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to the UK ($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 Australia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into New Zealand

After three years of decline, overseas purchases of machinery for the preparation or manufacture of food or drink increased by 12% to X units in 2021. In general, imports enjoyed measured growth. The growth pace was the most rapid in 2017 when imports increased by 102% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, food manufacture machinery imports soared to $X in 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 109% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Australia (X units) and Spain (X units) were the main suppliers of food manufacture machinery imports to New Zealand, with a combined 59% share of total imports. These countries were followed by the Netherlands, the United States, Italy, Germany, Taiwan (Chinese), Denmark, India, France, Iceland and Japan, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +52.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and Germany ($X) constituted the largest food manufacture machinery suppliers to New Zealand, together comprising 40% of total imports. These countries were followed by the Netherlands, the United States, Spain, Iceland, Italy, Denmark, Taiwan (Chinese), Japan, France and India, which together accounted for a further 55%.

The Netherlands, with a CAGR of +66.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, rising by 40% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery import price decreased by -15.5% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 73%. Over the period under review, average import prices hit record highs 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 Iceland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+37.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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