New Zealand: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in New Zealand

The New Zealand wood milling machine market plummeted to $X in 2021, shrinking by -29.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt decline. Wood milling machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wood Milling Machine Exports

Exports from New Zealand

In 2021, shipments abroad of planing, milling or moulding machines increased by 28,267% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood milling machine exports soared to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wood milling machine exports from New Zealand, accounting for a 91% share of total exports. Moreover, wood milling machine exports to the United States exceeded the volume sent to the second major destination, Australia (X units), more than tenfold. The third position in this ranking was held by Tonga (X units), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-2.6% per year) and Tonga (-19.6% per year).

In value terms, Australia ($X) emerged as the key foreign market for planing, milling or moulding machines exports from New Zealand, comprising 56% of total exports. The second position in the ranking was taken by the UK ($X), with a 0.5% share of total exports. It was followed by Canada, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+44.5% per year) and Canada (+19.8% per year).

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, picking up by 81% against the previous year. In general, the export price posted a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 4,954% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+142.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into New Zealand

Wood milling machine imports into New Zealand reduced to X units in 2021, dropping by -5.4% compared with the previous year's figure. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 94% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, wood milling machine imports rose sharply to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 101% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main wood milling machine supplier to New Zealand, with a 96% share of total imports. It was followed by Australia (X units), with a 1.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.4%.

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to New Zealand, comprising 18% of total imports. The second position in the ranking was held by Australia ($X), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, rising by 14% against the previous year. In general, the import price, however, continues to indicate a pronounced reduction. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+43.1%).

Source: IndexBox Platform

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