Price for Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand - 2023

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand
4. Exports of Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand

Price for Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand (CIF) - 2022

In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $11,475 per ton, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. The import price peaked at $14,156 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($11,475 per ton) and Australia ($11,475 per ton), while the price for South Korea ($11,475 per ton) and Italy ($11,475 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand (FOB) - 2022

The average export price for machinery; parts of the machinery of heading no. 8427 stood at $13,667 per ton in 2022, rising by 13% against the previous year. In general, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of 93%. Over the period under review, the average export prices hit record highs at $44,825 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Tonga ($13,669 per ton) and Australia ($13,667 per ton), while the average price for exports to the UK ($13,666 per ton) and French Polynesia ($13,666 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 the United States (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand

In 2022, imports of machinery; parts of the machinery of heading no. 8427 into New Zealand amounted to 1.5K tons, growing by 14% against 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of machinery; parts of the machinery of heading no. 8427 stood at $17M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to New Zealand in 2022:

1. China (493.0 tons)
2. United States (289.7 tons)
3. Australia (142.6 tons)
4. Italy (95.5 tons)
5. Germany (81.6 tons)
6. Japan (81.4 tons)
7. Sweden (47.2 tons)
8. Belgium (43.2 tons)
9. South Korea (33.8 tons)
10. Netherlands (32.8 tons)
11. France (32.3 tons)
12. United Kingdom (19.2 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8427 in New Zealand

In 2022, the amount of machinery; parts of the machinery of heading no. 8427 exported from New Zealand dropped sharply to 78 tons, reducing by -23.1% compared with the year before. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 34% against the previous year.

In value terms, exports of machinery; parts of the machinery of heading no. 8427 declined to $1.1M in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 14%.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from New Zealand in 2022:

1. Fiji (38.6 tons)
2. United States (11.2 tons)
3. Australia (9.8 tons)
4. United Kingdom (6.5 tons)
5. French Polynesia (3.5 tons)
6. Tonga (1.2 tons)
7. Belgium (1.1 tons)
8. Samoa (0.7 tons)

Source: IndexBox Market Intelligence Platform