New Zealand: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in New Zealand

In 2021, the New Zealand market for machines for preparing, weaving and knitting textiles was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a noticeable setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in New Zealand

In value terms, textile weaving and knitting machinery production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 106% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from New Zealand

In 2021, overseas shipments of machines for preparing, weaving and knitting textiles were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 164% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports soared to $X in 2021. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 49% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for textile weaving and knitting machinery exports from New Zealand, with a 52% share of total exports. Moreover, textile weaving and knitting machinery exports to the United States exceeded the volume sent to the second major destination, the UK (X units), sixfold. Germany (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.9% per year) and Germany (+15.6% per year).

In value terms, the United States ($X) remains the key foreign market for machines for preparing, weaving and knitting textiles exports from New Zealand, comprising 42% of total exports. The second position in the ranking was held by the UK ($X), with a 10% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.1% per year) and Germany (+7.7% per year).

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, falling by -40.4% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 164% against the previous year. The export price peaked at $X per unit in 2020, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Pakistan ($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 the Philippines (+209.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into New Zealand

For the fourth consecutive year, New Zealand recorded growth in supplies from abroad of machines for preparing, weaving and knitting textiles, which increased by 59% to X units in 2021. In general, imports recorded a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery imports skyrocketed to $X in 2021. Overall, imports enjoyed a measured expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of textile weaving and knitting machinery to New Zealand, with a 54% share of total imports. Moreover, textile weaving and knitting machinery imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.0% per year) and Germany (+5.0% per year).

In value terms, Japan ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to New Zealand, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.7% per year) and France (+10.5% per year).

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, with a decrease of -7.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+47.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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