New Zealand: Laundry Machine Market 2024

Laundry Machine Market Size in New Zealand

The New Zealand laundry machine market expanded markedly to $X in 2021, growing by 7.9% against the previous year. Over the period under review, consumption, however, continues to indicate a deep reduction. Laundry machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Laundry Machine Production in New Zealand

In value terms, laundry machine production declined dramatically to $X in 2021 estimated in export price. In general, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 157% against the previous year. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

Laundry Machine Exports

Exports from New Zealand

For the third year in a row, New Zealand recorded growth in shipments abroad of washing, bleaching or dyeing machines, which increased by 34% to X units in 2021. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 828%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, laundry machine exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 269% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Samoa (X units) was the main destination for laundry machine exports from New Zealand, with a 94% share of total exports. Moreover, laundry machine exports to Samoa exceeded the volume sent to the second major destination, Fiji (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Samoa totaled +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (0.0% per year) and Cook Islands (+4.6% per year).

In value terms, Samoa ($X) remains the key foreign market for washing, bleaching or dyeing machines exports from New Zealand, comprising 72% of total exports. The second position in the ranking was held by Fiji ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Samoa totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-1.6% per year) and Cook Islands (-3.2% per year).

Export Prices by Country

The average laundry machine export price stood at $X per unit in 2021, rising by 27% against the previous year. In general, the export price, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 168%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Fiji ($X per unit), while the average price for exports to Samoa ($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 (+4.7%), while the prices for the other major destinations experienced a decline.

Laundry Machine Imports

Imports into New Zealand

After three years of decline, overseas purchases of washing, bleaching or dyeing machines increased by 1,580% to X units in 2021. Overall, imports, however, showed a deep slump. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, laundry machine imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a tangible expansion. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Italy (X units) were the main suppliers of laundry machine imports to New Zealand, together comprising 92% of total imports. These countries were followed by the UK and Australia, which together accounted for a further 7.1%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +8.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of washing, bleaching or dyeing machines to New Zealand, comprising 85% of total imports. The second position in the ranking was taken by China ($X), with a 7.7% share of total imports. It was followed by the UK, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.1% per year) and the UK (+15.0% per year).

Import Prices by Country

In 2021, the average laundry machine import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price showed a strong increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 98%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :