New Zealand: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in New Zealand

In 2021, the New Zealand numerically controlled drilling machine market decreased by -6% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a mild slump. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in New Zealand

In value terms, numerically controlled drilling machine production contracted notably to $X in 2021 estimated in export price. Overall, production continues to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 165%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from New Zealand

In 2021, approx. X tons of numerically controlled drilling machines for working metal were exported from New Zealand; remaining constant against the previous year's figure. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 895% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, numerically controlled drilling machine exports expanded significantly to $X in 2021. Over the period under review, exports recorded a perceptible shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for numerically controlled drilling machine exports from New Zealand, accounting for a 90% share of total exports. Moreover, numerically controlled drilling machine exports to Italy exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. Australia (X kg) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+12.6% per year) and Australia (-6.1% per year).

In value terms, the largest markets for numerically controlled drilling machine exported from New Zealand were Taiwan (Chinese) ($X), Italy ($X) and Australia ($X), with a combined 99.9% share of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +0.2%, 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 a decline.

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, with an increase of 9% against the previous year. Over the period under review, the export price, however, saw a dramatic contraction. The growth pace was the most rapid in 2019 an increase of 134%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (-6.8%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into New Zealand

Numerically controlled drilling machine imports into New Zealand surged to X tons in 2021, increasing by 77% compared with the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 293%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports surged to $X in 2021. Overall, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 202%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of numerically controlled drilling machine imports to New Zealand, together accounting for 76% of total imports. These countries were followed by Italy, China and Australia, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to New Zealand, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Italy, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.0% per year) and Italy (+0.9% per year).

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 25%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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