New Zealand: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in New Zealand

The New Zealand non-electric roasting furnace market was estimated at $X in 2022, with an increase of 3.3% against the previous year. Over the period under review, consumption, however, saw strong growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Electric Roasting Furnace Production in New Zealand

In value terms, non-electric roasting furnace production rose notably to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1,499%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports from New Zealand

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting exported from New Zealand declined markedly to X units, reducing by -61.5% compared with the previous year. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports soared to $X in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 366%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vanuatu (X units) was the main destination for non-electric roasting furnace exports from New Zealand, with a 80% share of total exports. Moreover, non-electric roasting furnace exports to Vanuatu exceeded the volume sent to the second major destination, Fiji (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vanuatu totaled +14.9%.

In value terms, Vanuatu ($X) and Fiji ($X) appeared to be the largest markets for non-electric roasting furnace exported from New Zealand worldwide.

In terms of the main countries of destination, Vanuatu, with a CAGR of +53.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average non-electric roasting furnace export price stood at $X per unit in 2022, rising by 681% against the previous year. Over the period under review, the export price saw a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to Vanuatu amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vanuatu (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Roasting Furnace Imports

Imports into New Zealand

In 2022, imports of non-electric furnaces and ovens for the roasting or melting into New Zealand fell rapidly to X units, declining by -75.9% on 2021. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 628%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric roasting furnace imports fell remarkably to $X in 2022. In general, imports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 1,116% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X units), the United States (X units) and Turkey (X units) were the main suppliers of non-electric roasting furnace imports to New Zealand, together accounting for 43% of total imports. Lithuania, South Korea, China and the UK lagged somewhat behind, together accounting for a further 57%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric roasting furnace suppliers to New Zealand were China ($X), South Korea ($X) and the UK ($X), together accounting for 56% of total imports. Lithuania, South Africa, Turkey and the United States lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Lithuania, with a CAGR of +234.4%, recorded the highest rates of growth with regard to 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 non-electric roasting furnace import price amounted to $X per unit, shrinking by -10.1% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 403%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+234.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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