New Zealand: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in New Zealand

The New Zealand market for reel fed offset printing machinery dropped dramatically to $X in 2022, reducing by -18.8% against the previous year. Overall, consumption, however, saw a buoyant expansion. Reel fed offset printing machinery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Reel Fed Offset Printing Machinery in New Zealand

In value terms, reel fed offset printing machinery production totaled less than $X in 2022 estimated in export price. Over the period under review, production, however, faced a sharp decrease. The growth pace was the most rapid in 2015 with an increase of 5,392% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports from New Zealand

After two years of decline, overseas shipments of reel fed offset printing machinery increased by 295% to X units in 2022. Overall, exports posted a moderate expansion. The growth pace was the most rapid in 2015 when exports increased by 7,141% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, reel fed offset printing machinery exports soared to $X in 2022. Over the period under review, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for reel fed offset printing machinery exports from New Zealand, accounting for a 52% share of total exports. Moreover, reel fed offset printing machinery exports to the UK exceeded the volume sent to the second major destination, Vietnam (X units), twofold. The third position in this ranking was held by India (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +61.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+38.8% per year) and India (+32.9% per year).

In value terms, the UK ($X) remains the key foreign market for reel fed offset printing machinery exports from New Zealand, comprising 90% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 6% share of total exports. It was followed by India, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+32.7% per year) and India (+1.2% per year).

Export Prices by Country

In 2022, the average export price for reel fed offset printing machinery amounted to $X per unit, growing by 440% against the previous year. Over the period under review, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 12,534%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Cook Islands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-1.8%), while the prices for the other major destinations experienced a decline.

Imports of Reel Fed Offset Printing Machinery

Imports into New Zealand

In 2022, overseas purchases of reel fed offset printing machinery were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a sharp shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 2,375% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, reel fed offset printing machinery imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a precipitous setback. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X units) constituted the largest reel fed offset printing machinery supplier to New Zealand, with a 62% share of total imports. Moreover, reel fed offset printing machinery imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by China (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.2% per year) and China (+14.9% per year).

In value terms, the United States ($X) constituted the largest supplier of reel fed offset printing machinery to New Zealand, comprising 66% of total imports. The second position in the ranking was taken by Australia ($X), with a 25% share of total imports. It was followed by China, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-3.1% per year) and China (+60.7% per year).

Import Prices by Country

The average import price for reel fed offset printing machinery stood at $X per unit in 2022, growing by 357% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The growth pace was the most rapid in 2018 an increase of 417% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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