New Zealand: Ride-On Compaction Equipment Market 2022

Ride-On Compaction Equipment Market Size in New Zealand

In 2021, after three years of decline, there was significant growth in the New Zealand ride-on compaction equipment market, when its value increased by X% to $X. Over the period under review, consumption posted a buoyant increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from New Zealand

In 2021, the amount of ride-on compaction equipment exported from New Zealand fell to X units, declining by -X% against 2020 figures. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports rose to $X in 2021. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Papua New Guinea (X units), Australia (X units) and Singapore (X units) were the main destinations of ride-on compaction equipment exports from New Zealand, with a combined X% share of total exports. Fiji, Vietnam, American Samoa, Samoa, Malaysia and Pakistan lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), American Samoa ($X) and Fiji ($X) appeared to be the largest markets for ride-on compaction equipment exported from New Zealand worldwide, together comprising X% of total exports.

American Samoa, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ride-on compaction equipment export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price showed mild growth. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was American Samoa ($X per unit), while the average price for exports to Malaysia ($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 Fiji (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into New Zealand

Ride-on compaction equipment imports into New Zealand skyrocketed to X units in 2021, with an increase of X% compared with the previous year's figure. Overall, imports showed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth imports remained at a lower figure.

In value terms, ride-on compaction equipment imports skyrocketed to $X in 2021. Over the period under review, imports recorded a strong expansion. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of ride-on compaction equipment imports to New Zealand, together comprising X% of total imports. The United States, the Czech Republic, Italy and India lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ride-on compaction equipment suppliers to New Zealand were Germany ($X), China ($X) and the United States ($X), together comprising X% of total imports. Sweden, India, Italy and the Czech Republic lagged somewhat behind, together comprising a further X terms of the main suppliers, India, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ride-on compaction equipment import price amounted to $X per unit, increasing by X% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ride-on compaction equipment import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform