New Zealand: Tamping Machinery Market 2024

Tamping Machinery Market Size in New Zealand

In 2021, the New Zealand tamping machinery market increased by 70% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a prominent expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Tamping Machinery Exports

Exports from New Zealand

In 2021, approx. X units of tamping or compacting machinery were exported from New Zealand; growing by 695% compared with the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, tamping machinery exports surged to $X in 2021. Overall, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 when exports increased by 618%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Cook Islands (X units) and Fiji (X units) were the main destinations of tamping machinery exports from New Zealand, with a combined 77% share of total exports. These countries were followed by Vanuatu, American Samoa, Australia, the United States and New Caledonia, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by American Samoa (with a CAGR of +58.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Cook Islands ($X) and Fiji ($X) appeared to be the largest markets for tamping machinery exported from New Zealand worldwide, with a combined 77% share of total exports. These countries were followed by Vanuatu, American Samoa, Australia, the United States and New Caledonia, which together accounted for a further 18%.

The United States, with a CAGR of +227.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tamping machinery export price stood at $X per unit in 2021, reducing by -40.6% against the previous year. In general, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2017 an increase of 41%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to New Caledonia ($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 United States (+126.1%), while the prices for the other major destinations experienced a decline.

Tamping Machinery Imports

Imports into New Zealand

In 2021, supplies from abroad of tamping or compacting machinery increased by 65% to X units, rising for the third year in a row after two years of decline. In general, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tamping machinery imports surged to $X in 2021. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of tamping machinery to New Zealand, with a 43% share of total imports. Moreover, tamping machinery imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The United States (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.1% per year) and the United States (+19.6% per year).

In value terms, Japan ($X) constituted the largest supplier of tamping or compacting machinery to New Zealand, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.3% per year) and the United States (+15.0% per year).

Import Prices by Country

The average tamping machinery import price stood at $X per unit in 2021, increasing by 8.1% against the previous year. Overall, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 10% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and the UK ($X per unit), while the price for Australia ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :