New Zealand: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in New Zealand

The New Zealand market for non-domestic percolators and equipment for cooking or heating food dropped remarkably to $X in 2022, shrinking by -39.7% against the previous year. Overall, consumption continues to indicate a pronounced contraction. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in New Zealand

In value terms, production of non-domestic percolators and equipment for cooking or heating food shrank to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 66% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from New Zealand

In 2022, shipments abroad of non-domestic percolators and equipment for cooking or heating food increased by 82% to X units, rising for the second consecutive year after three years of decline. Overall, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. Over the period under review, exports showed a resilient 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 the UK (X units) were the main destinations of exports of non-domestic percolators and equipment for cooking or heating food from New Zealand, together accounting for 86% of total exports. Hong Kong SAR and Canada lagged somewhat behind, together comprising a further 8%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +37.1%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and the UK ($X) constituted the largest markets for non-domestic percolators and equipment for cooking or heating food exported from New Zealand worldwide, together accounting for 86% of total exports. Hong Kong SAR and Canada lagged somewhat behind, together comprising a further 8.1%.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +39.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, remaining constant against the previous year. Overall, the export price, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 89% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per unit) and Hong Kong SAR ($X per unit), while the average price for exports to the United States ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into New Zealand

Imports of non-domestic percolators and equipment for cooking or heating food into New Zealand expanded modestly to X units in 2022, surging by 2.6% on 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 39%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food dropped slightly to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Switzerland (X units) and Germany (X units) were the main suppliers of imports of non-domestic percolators and equipment for cooking or heating food to New Zealand, with a combined 73% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +31.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-domestic percolators and equipment for cooking or heating food suppliers to New Zealand were Italy ($X), the United States ($X) and Germany ($X), with a combined 69% share of total imports. China, Australia, the UK, Switzerland, the Netherlands and Sweden lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, the UK, with a CAGR of +14.2%, saw 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

The average import price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, waning by -6.4% against the previous year. Overall, the import price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2014 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 Australia ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+48.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform