New Zealand: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in New Zealand

In 2022, the New Zealand self-propelled boring machinery market decreased by -6.2% to $X, falling for the second consecutive year after four years of growth. Overall, consumption saw a perceptible decrease. Self-propelled boring machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Production in New Zealand

In value terms, self-propelled boring machinery production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 4.7%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Self-Propelled Boring Machinery Exports

Exports from New Zealand

In 2022, exports of self-propelled boring or sinking machinery from New Zealand rose markedly to X units, with an increase of 10% on 2021. Over the period under review, exports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 when exports increased by 300% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports reduced dramatically to $X in 2022. In general, exports enjoyed a pronounced increase. The pace of growth was the most pronounced in 2015 when exports increased by 270% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

France (X units), Australia (X units) and the United States (X units) were the main destinations of self-propelled boring machinery exports from New Zealand, together comprising 82% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +44.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for self-propelled boring or sinking machinery exports from New Zealand, comprising 59% of total exports. The second position in the ranking was held by Australia ($X), with a 24% share of total exports. It was followed by Thailand, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +150.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-4.0% per year) and Thailand (+10.2% per year).

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, declining by -40.4% against the previous year. Overall, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 152%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+219.1%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into New Zealand

In 2022, approx. X units of self-propelled boring or sinking machinery were imported into New Zealand; which is down by -39.6% compared with the previous year. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 151% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, self-propelled boring machinery imports soared to $X in 2022. Over the period under review, imports saw a abrupt descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Australia (X units) and South Korea (X units) were the main suppliers of self-propelled boring machinery imports to New Zealand, with a combined 65% share of total imports. Finland, the United States, Austria, Italy and Germany lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), the United States ($X) and Austria ($X) appeared to be the largest self-propelled boring machinery suppliers to New Zealand, together accounting for 65% of total imports.

Among the main suppliers, Finland, with a CAGR of +39.6%, saw 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 self-propelled boring machinery import price amounted to $X per unit, growing by 122% against the previous year. Over the period under review, the import price recorded a prominent increase. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Finland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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