New Zealand: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in New Zealand

In 2022, the New Zealand milling industry machinery market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a pronounced expansion. Milling industry machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Milling Industry Machinery Production in New Zealand

In value terms, milling industry machinery production totaled $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Milling Industry Machinery Exports

Exports from New Zealand

In 2022, approx. X units of milling industry machinery were exported from New Zealand; flattening at the year before. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, milling industry machinery exports surged to $X in 2022. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units), the United States (X units) and the UK (X units) were the main destinations of milling industry machinery exports from New Zealand. Moreover, milling industry machinery exports in Australia exceeded the figures recorded by the second-largest exporter, the United States, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) emerged as the key foreign market for milling industry machinery exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average milling industry machinery export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Milling Industry Machinery Imports

Imports into New Zealand

In 2022, overseas purchases of milling industry machinery increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, milling industry machinery imports rose sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), Denmark (X units) and China (X units) were the main suppliers of milling industry machinery imports to New Zealand, with a combined X% share of total imports. Switzerland, Australia, Canada, the Czech Republic and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Denmark ($X) and China ($X) constituted the largest milling industry machinery suppliers to New Zealand, with a combined X% share of total imports. Switzerland, Canada, Australia, the Czech Republic and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Switzerland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average milling industry machinery import price amounted to $X per unit, standing approx. at the previous year. Overall, the import price showed a perceptible decrease. The growth pace was the most rapid in 2017 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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 Denmark ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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