New Zealand: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in New Zealand

In 2022, the New Zealand pedestrian-controlled tractor market increased by 1.9% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption, however, recorded a perceptible slump. Pedestrian-controlled tractor consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pedestrian-Controlled Tractor Production in New Zealand

In value terms, pedestrian-controlled tractor production shrank modestly to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by 2.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports from New Zealand

In 2022, exports of pedestrian-controlled tractors from New Zealand declined remarkably to X units, which is down by -42.6% against the year before. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 665% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, pedestrian-controlled tractor exports contracted remarkably to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 664% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

French Polynesia (X units), Cook Islands (X units) and Vanuatu (X units) were the main destinations of pedestrian-controlled tractor exports from New Zealand, with a combined 69% share of total exports. Moreover, pedestrian-controlled tractor exports in French Polynesia exceeded the figures recorded by the second-largest exporter, Cook Islands, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vanuatu (with a CAGR of +56.5%), while the other leaders experienced more modest paces of growth.

In value terms, French Polynesia ($X) emerged as the key foreign market for pedestrian-controlled tractors exports from New Zealand, comprising 36% of total exports. The second position in the ranking was taken by Vanuatu ($X), with a 17% share of total exports. It was followed by Cook Islands, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to French Polynesia stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vanuatu (+31.6% per year) and Cook Islands (+1.3% per year).

Export Prices by Country

In 2022, the average pedestrian-controlled tractor export price amounted to $X per unit, falling by -36.7% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 128% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then contracted markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and French Polynesia ($X per unit), while the average price for exports to Tonga ($X per unit) and the UK ($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 the UK (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pedestrian-Controlled Tractor Imports

Imports into New Zealand

After four years of decline, supplies from abroad of pedestrian-controlled tractors increased by 258% to X units in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 413% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, pedestrian-controlled tractor imports surged to $X in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), France (X units) and Italy (X units) were the main suppliers of pedestrian-controlled tractor imports to New Zealand, with a combined 85% share of total imports. These countries were followed by China, the UK and Australia, which together accounted for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +41.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pedestrian-controlled tractor suppliers to New Zealand were Germany ($X), France ($X) and Italy ($X), with a combined 84% share of total imports. The UK, China and Australia lagged somewhat behind, together accounting for a further 15%.

The UK, with a CAGR of +55.2%, recorded the highest rates of growth with regard to 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

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, growing by 4.5% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pedestrian-controlled tractor import price increased by +32.2% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 42%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per unit) and Italy ($X per unit), while the price for the UK ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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