New Zealand: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in New Zealand

The New Zealand food manufacture machinery market soared to $X in 2023, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a significant increase. Food manufacture machinery consumption peaked in 2023 and is expected to retain growth in the near future.

Food Manufacture Machinery Exports

Exports from New Zealand

For the third year in a row, New Zealand recorded decline in shipments abroad of machinery for the preparation or manufacture of food or drink, which decreased by X% to X units in 2023. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, food manufacture machinery exports declined rapidly to $X in 2023. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for food manufacture machinery exports from New Zealand, accounting for a X% share of total exports. Moreover, food manufacture machinery exports to the United States exceeded the volume sent to the second major destination, India (X units), fourfold. Australia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Australia (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Australia (X% per year).

Export Prices by Country

In 2023, the average food manufacture machinery export price amounted to $X per unit, remaining stable against the previous year. In general, export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, food manufacture machinery export price decreased by X% against 2015 indices. The growth pace was the most rapid in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (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 soared to X units in 2023, increasing by X% compared with the previous year's figure. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports surged to $X in 2023. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

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

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the largest food manufacture machinery suppliers to New Zealand, together accounting for X% of total imports. Australia, Italy, the Netherlands, Japan, Lithuania, the UK, Taiwan (Chinese), France and Denmark lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2023, dropping by X% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and the UK ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform