New Zealand: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in New Zealand

In 2022, the New Zealand food manufacture machinery market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a slight increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Food Manufacture Machinery Production in New Zealand

In value terms, food manufacture machinery production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Food manufacture machinery production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Food Manufacture Machinery Exports

Exports from New Zealand

Food manufacture machinery exports from New Zealand fell remarkably to X units in 2022, waning by X% on the year before. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, food manufacture machinery exports contracted dramatically to $X in 2022. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), the United Arab Emirates (X units) and China (X units) were the main destinations of food manufacture machinery exports from New Zealand, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for machinery for the preparation or manufacture of food or drink exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Australia (X% per year).

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

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

Food Manufacture Machinery Imports

Imports into New Zealand

Food manufacture machinery imports into New Zealand contracted remarkably to X units in 2022, shrinking by X% compared with the previous year's figure. Over the period under review, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, food manufacture machinery imports contracted remarkably to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Australia (X units) were the main suppliers of food manufacture machinery imports to New Zealand, with a combined X% share of total imports. Germany, Italy, Japan, Lithuania, Denmark, Taiwan (Chinese), Iceland, France, India and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to New Zealand, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average food manufacture machinery import price amounted to $X per unit, rising by X% against the previous year. In general, the import price continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked 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 Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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