New Zealand: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in New Zealand

The New Zealand self-propelled rock cutter market soared to $X in 2021, picking up by 180% against the previous year. Over the period under review, consumption continues to indicate a notable expansion. Self-propelled rock cutter consumption peaked in 2021 and is expected to retain growth in the near future.

Self-Propelled Rock Cutter Production in New Zealand

In value terms, self-propelled rock cutter production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.0% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 65% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Self-Propelled Rock Cutter Exports

Exports from New Zealand

In 2021, exports of self-propelled coal or rock cutters and tunnelling machinery from New Zealand declined significantly to X units, shrinking by -93.8% on the previous year. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 200% against the previous year. The exports peaked at X units in 2020, and then dropped dramatically in the following year.

In value terms, self-propelled rock cutter exports dropped remarkably to $X in 2021. In general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 3,046% against the previous year. The exports peaked at $X in 2020, and then declined significantly in the following year.

Exports by Country

Tonga (X units) was the main destination for self-propelled rock cutter exports from New Zealand, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Tonga was relatively modest.

In value terms, Australia ($X) remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from New Zealand, comprising 52% of total exports. The second position in the ranking was taken by Tonga ($X), with a 16% share of total exports. It was followed by Peru, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+70.3% per year) and Peru (-15.4% per year).

Export Prices by Country

In 2021, the average self-propelled rock cutter export price amounted to $X per unit, growing by 10% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2019 an increase of 635%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average 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 Australia ($X per unit), while the average price for exports to Peru ($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 Australia (+61.6%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Rock Cutter Imports

Imports into New Zealand

In 2021, the amount of self-propelled coal or rock cutters and tunnelling machinery imported into New Zealand soared to X units, rising by 174% against 2020 figures. In general, imports enjoyed a temperate increase. The pace of growth was the most pronounced in 2017 when imports increased by 529% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, self-propelled rock cutter imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 168%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest self-propelled rock cutter supplier to New Zealand, with a 73% share of total imports. Moreover, self-propelled rock cutter imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), sevenfold. Sweden (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-16.1% per year) and Sweden (+26.0% per year).

In value terms, China ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to New Zealand, comprising 74% of total imports. The second position in the ranking was held by Australia ($X), with a 14% share of total imports. It was followed by India, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-20.7% per year) and India (0.0% per year).

Import Prices by Country

The average self-propelled rock cutter import price stood at $X per unit in 2021, waning by -40.5% against the previous year. Over the period under review, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 143% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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