New Zealand: Grinding Machine Market 2024

Grinding Machine Market Size in New Zealand

The New Zealand grinding machine market expanded significantly to $X in 2021, with an increase of 8.7% 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, however, showed a noticeable downturn. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Grinding Machine Exports

Exports from New Zealand

Grinding machine exports from New Zealand surged to X units in 2021, rising by 49% compared with the previous year's figure. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 171%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding machine exports surged to $X in 2021. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 163%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Australia (X units) was the main destination for grinding machine exports from New Zealand, accounting for a 48% share of total exports. Moreover, grinding machine exports to Australia exceeded the volume sent to the second major destination, the United States (X units), threefold. China (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.0% per year) and China (+9.9% per year).

In value terms, Australia ($X), the Netherlands ($X) and the United States ($X) constituted the largest markets for grinding machine exported from New Zealand worldwide, with a combined 78% share of total exports.

The Netherlands, with a CAGR of +229.6%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average grinding machine export price amounted to $X per unit, picking up by 3.6% against the previous year. Over the period under review, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 111% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($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 Denmark (+110.5%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into New Zealand

In 2021, imports of machines having individual functions, for mixing, kneading, crushing or grinding into New Zealand surged to X units, growing by 19% compared with the previous year. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 63%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, grinding machine imports amounted to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 66% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Australia (X units) were the main suppliers of grinding machine imports to New Zealand, together accounting for 61% of total imports. These countries were followed by Italy, Turkey, Denmark and Germany, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +67.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding machine suppliers to New Zealand were China ($X), the United States ($X) and Australia ($X), together accounting for 46% of total imports. Italy, Germany, Denmark and Turkey lagged somewhat behind, together accounting for a further 25%.

Turkey, with a CAGR of +49.3%, recorded the highest growth rate of the value of imports, in terms of 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 grinding machine import price amounted to $X per unit, shrinking by -3.5% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grinding machine import price increased by +6.0% against 2016 indices. The growth pace was the most rapid in 2020 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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