Price for Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand - 2024

Contents:

1. Price for Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand (CIF) - 2022
2. Price for Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand (FOB) - 2022
3. Imports of Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand
4. Exports of Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand

Price for Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand (CIF) - 2022

The average import price for machinery; parts of the machinery of heading no. 8425 stood at $14,969 per ton in 2022, with an increase of 2.4% against the previous year. In general, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 10% against the previous year. The import price peaked at $17,344 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($14,969 per ton) and China ($14,969 per ton), while the price for Australia ($14,968 per ton) and Italy ($14,969 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.5%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand (FOB) - 2022

In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $21,377 per ton, growing by 12% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2013 an increase of 86% against the previous year. Over the period under review, the average export prices attained the maximum at $77,281 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($21,379 per ton) and the UK ($21,378 per ton), while the average price for exports to Croatia ($21,373 per ton) and Taiwan (Chinese) ($21,375 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 France (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand

In 2022, imports of machinery; parts of the machinery of heading no. 8425 into New Zealand surged to 365 tons, jumping by 25% against the previous year. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports of machinery; parts of machinery of heading no. 8425 hit record highs 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. 8425 soared to $5.5M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.1% 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 +72.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to New Zealand in 2022:

1. Taiwan (Chinese) (83.5 tons)
2. China (71.7 tons)
3. Germany (56.4 tons)
4. Australia (31.1 tons)
5. United Kingdom (27.0 tons)
6. United States (22.5 tons)
7. Italy (18.7 tons)

Exports of Machinery; Parts of the Machinery of Heading No. 8425 in New Zealand

In 2022, after three years of growth, there was significant decline in overseas shipments of machinery; parts of the machinery of heading no. 8425, when their volume decreased by -31.2% to 124 tons. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 26%. As a result, the exports reached the peak of 180 tons, and then shrank rapidly in the following year.

In value terms, exports of machinery; parts of the machinery of heading no. 8425 shrank remarkably to $2.6M in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $3.4M, and then fell rapidly in the following year.

Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from New Zealand in 2022:

1. United States (33.0 tons)
2. Australia (20.3 tons)
3. Netherlands (17.5 tons)
4. Chile (10.7 tons)
5. United Kingdom (8.8 tons)
6. Papua New Guinea (5.9 tons)
7. Italy (5.1 tons)
8. Taiwan (Chinese) (4.8 tons)
9. Canada (3.4 tons)
10. France (2.8 tons)
11. Croatia (2.3 tons)

Source: IndexBox Market Intelligence Platform