New Zealand: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in New Zealand

After two years of decline, the New Zealand thermoforming machine market increased by 53% to $X in 2021. Over the period under review, consumption continues to indicate a resilient increase. Thermoforming machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Thermoforming Machine Exports

Exports from New Zealand

In 2021, the amount of thermoforming machines for working rubber or plastics exported from New Zealand amounted to X units, with an increase of 2.2% against 2020. Overall, exports enjoyed a temperate increase. The growth pace was the most rapid in 2016 with an increase of 162% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, thermoforming machine exports reached $X in 2021. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 227%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for thermoforming machine exports from New Zealand, accounting for a 26% share of total exports. Moreover, thermoforming machine exports to Malaysia exceeded the volume sent to the second major destination, China (X units), fourfold. The United States (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +54.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.0% per year) and the United States (+8.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for thermoforming machines for working rubber or plastics exports from New Zealand, comprising 39% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Australia, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +67.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.7% per year) and Australia (+5.8% per year).

Export Prices by Country

The average thermoforming machine export price stood at $X per unit in 2021, growing by 8.4% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, thermoforming machine export price increased by +105.6% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 88%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Denmark ($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 Arab Emirates (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Thermoforming Machine Imports

Imports into New Zealand

In 2021, overseas purchases of thermoforming machines for working rubber or plastics increased by 25% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in 2015 when imports increased by 1,131%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, thermoforming machine imports surged to $X in 2021. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 753%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X units), Turkey (X units) and Taiwan (Chinese) (X units) were the main suppliers of thermoforming machine imports to New Zealand, with a combined 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest thermoforming machine suppliers to New Zealand were Germany ($X), Canada ($X) and Turkey ($X), with a combined 53% share of total imports. Taiwan (Chinese), China, India, the United States, Australia and Austria lagged somewhat behind, together comprising a further 20%.

Taiwan (Chinese), with a CAGR of +65.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average thermoforming machine import price stood at $X per unit in 2021, growing by 23% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, thermoforming machine import price increased by +110.5% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 44%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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