Price for Machinery; Parts of Machinery of Heading No. 8422 in New Zealand - 2024
Contents:
- Price for Machinery; Parts of Machinery of Heading No. 8422 in New Zealand (CIF) - 2022
- Price for Machinery; Parts of Machinery of Heading No. 8422 in New Zealand (FOB) - 2022
- Imports of Machinery; Parts of Machinery of Heading No. 8422 in New Zealand
- Exports of Machinery; Parts of Machinery of Heading No. 8422 in New Zealand
Price for Machinery; Parts of Machinery of Heading No. 8422 in New Zealand (CIF) - 2022
The average import price for machinery; parts of machinery of heading no. 8422 stood at $95,115 per ton in 2022, surging by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2014 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
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 Australia ($588,789 per ton), while the price for Taiwan (Chinese) ($29,640 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery of Heading No. 8422 in New Zealand (FOB) - 2022
The average export price for machinery; parts of machinery of heading no. 8422 stood at $174,859 per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 87% against the previous year. The export price peaked at $367,854 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($174,937 per ton) and Argentina ($174,936 per ton), while the average price for exports to India ($168,375 per ton) and Thailand ($174,691 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of Machinery of Heading No. 8422 in New Zealand
In 2022, imports of machinery; parts of machinery of heading no. 8422 into New Zealand fell to 226 tons, declining by -13.7% on the year before. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 18%.
In value terms, imports of machinery; parts of machinery of heading no. 8422 reduced to $22M in 2022. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year.
| Import of Machinery; Parts of Machinery of Heading No. 8422 in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.9 | 3.8 | 5.0 | 3.6 | -9.8% |
| Italy | 5.0 | 2.9 | 4.9 | 3.5 | -11.2% |
| Australia | 2.0 | 1.9 | 2.4 | 2.7 | 10.5% |
| United States | 2.2 | 1.8 | 1.9 | 2.1 | -1.5% |
| China | 1.6 | 1.7 | 2.2 | 1.7 | 2.0% |
| Sweden | 1.2 | 1.0 | 0.7 | 0.7 | -16.4% |
| Austria | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
| Thailand | 0.4 | 0.3 | 0.5 | 0.6 | 14.5% |
| Netherlands | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| Others | 5.9 | 5.0 | 5.0 | 5.4 | -2.9% |
| Total | 24.4 | 19.5 | 23.8 | 21.5 | -4.1% |
Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to New Zealand in 2022:
- Italy (105.0 tons)
- Germany (33.0 tons)
- China (15.3 tons)
- Austria (13.6 tons)
- United States (10.1 tons)
- Taiwan (Chinese) (8.6 tons)
- Sweden (7.7 tons)
- Netherlands (5.4 tons)
- Thailand (5.0 tons)
- Australia (4.7 tons)
Exports of Machinery; Parts of Machinery of Heading No. 8422 in New Zealand
After three years of growth, shipments abroad of machinery; parts of machinery of heading no. 8422 decreased by -22.8% to 68 tons in 2022. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of 88 tons, and then contracted dramatically in the following year.
In value terms, exports of machinery; parts of machinery of heading no. 8422 dropped to $12M in 2022. The total export value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $13M, and then reduced in the following year.
| Export of Machinery; Parts of Machinery of Heading No. 8422 in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.0 | 5.8 | 6.1 | 6.0 | 14.5% |
| Australia | 1.9 | 1.6 | 2.4 | 2.2 | 5.0% |
| Netherlands | 0.2 | 0.8 | 0.9 | 0.7 | 51.8% |
| Fiji | 0.3 | 0.2 | 0.3 | 0.7 | 32.6% |
| Canada | 0.2 | 0.3 | 1.1 | 0.4 | 26.0% |
| Chile | N/A | 0.1 | N/A | 0.3 | 73.2% |
| China | 0.1 | N/A | 0.6 | 0.2 | 26.0% |
| Denmark | 1.5 | 0.2 | N/A | N/A | -86.7% |
| Others | 1.2 | 1.3 | 1.8 | 1.3 | 2.7% |
| Total | 9.4 | 10.3 | 13.2 | 11.9 | 8.2% |
Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from New Zealand in 2022:
- United States (34.4 tons)
- Australia (12.7 tons)
- Fiji (4.2 tons)
- Netherlands (4.1 tons)
- Canada (2.5 tons)
- Chile (1.6 tons)
- China (1.2 tons)
- Denmark (0.1 tons)
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