Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand - 2022

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $16,465 per ton in 2022, with a decrease of -4.9% against the previous year. In general, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 a decrease of -2.2% against the previous year. The import price peaked at $21,744 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($264,780 per ton), while the price for the United States ($6,527 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand (FOB) - 2022

In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $78,976 per ton, rising by 16% against the previous year. In general, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 24%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($113,672 per ton), while the average price for exports to Chile ($51,680 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand

In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into New Zealand surged to 2.5K tons, rising by 17% against the year before. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% 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 +57.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses expanded rapidly to $42M in 2022. The total import value increased at an average annual rate of +12.7% 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 with an increase of 23%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to New Zealand in 2022:

1. United States (1389.9 tons)
2. China (558.9 tons)
3. United Kingdom (202.3 tons)
4. South Africa (87.4 tons)
5. Italy (59.8 tons)
6. Germany (31.2 tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in New Zealand

For the third year in a row, New Zealand recorded decline in overseas shipments of machines and mechanical appliances; parts, of those having individual functionses, which decreased by -27.2% to 89 tons in 2022. In general, exports saw a significant contraction. The smallest decline of -16.6% was in 2021.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses shrank notably to $7M in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The smallest decline of -3% was in 2021.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from New Zealand in 2022:

1. United States (27.3 tons)
2. Australia (22.9 tons)
3. Canada (4.7 tons)
4. South Africa (4.1 tons)
5. Chile (3.7 tons)
6. France (3.3 tons)
7. Fiji (3.3 tons)
8. Thailand (2.4 tons)
9. India (1.8 tons)
10. Japan (1.5 tons)
11. Mexico (1.4 tons)
12. Germany (1.4 tons)
13. United Kingdom (1.0 tons)

Source: IndexBox Market Intelligence Platform