Price for Tools, Hand; Other than Household Tools in New Zealand - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in New Zealand (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in New Zealand (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in New Zealand
- Exports of Tools, Hand; Other than Household Tools in New Zealand
Price for Tools, Hand; Other than Household Tools in New Zealand (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $22,375 per ton in 2022, picking up by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 5.8% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 the UK ($88,731 per ton), while the price for Israel ($1,350 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in New Zealand (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $32,921 per ton in 2022, increasing by 10% against the previous year. Overall, the export price enjoyed prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by 17% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($51,523 per ton), while the average price for exports to Ghana ($3,682 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 Tonga (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in New Zealand
In 2022, imports of tools, hand; other than household toolses into New Zealand declined to 1K tons, shrinking by -6.8% on the year before. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of 1.1K tons, and then declined in the following year.
In value terms, imports of tools, hand; other than household toolses fell slightly to $23M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.3% 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 +43.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of $24M, and then shrank in the following year.
| Import of Tools, Hand; Other than Household Tools in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 4.6 | 7.0 | 7.4 | 17.2% |
| Taiwan (Chinese) | 3.4 | 2.7 | 3.9 | 3.9 | 4.7% |
| United States | 2.9 | 2.6 | 3.4 | 3.9 | 10.4% |
| Australia | 1.9 | 1.4 | 2.1 | 2.3 | 6.6% |
| Germany | 1.0 | 1.0 | 1.4 | 1.2 | 6.3% |
| Canada | 0.3 | 0.4 | 0.6 | 0.7 | 32.6% |
| Israel | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 4.9 | 3.6 | 5.7 | 4.2 | -5.0% |
| Total | 19.0 | 16.4 | 24.3 | 23.5 | 7.3% |
Top Suppliers of Tools, Hand; Other than Household Tools to New Zealand in 2022:
- China (442.5 tons)
- Taiwan (Chinese) (199.1 tons)
- United States (118.0 tons)
- Australia (90.4 tons)
- Israel (55.0 tons)
- Canada (48.1 tons)
- Germany (20.9 tons)
Exports of Tools, Hand; Other than Household Tools in New Zealand
In 2022, the amount of tools, hand; other than household toolses exported from New Zealand fell markedly to 75 tons, reducing by -28.2% on 2021 figures. Overall, exports showed a abrupt curtailment. The smallest decline of -10.2% was in 2021.
In value terms, exports of tools, hand; other than household toolses shrank notably to $2.5M in 2022. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 2.5% against the previous year.
| Export of Tools, Hand; Other than Household Tools in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,687 | 1,448 | 1,266 | 1,103 | -13.2% |
| United States | 389 | 561 | 882 | 247 | -14.0% |
| Fiji | 116 | 79.1 | 67.2 | 118 | 0.6% |
| Cook Islands | 204 | 73.0 | 154 | 115 | -17.4% |
| Thailand | 15.7 | 34.6 | 30.7 | 92.8 | 80.8% |
| Netherlands | 11.2 | 5.9 | 16.6 | 88.4 | 99.1% |
| Austria | 61.9 | 39.8 | 23.9 | 82.8 | 10.2% |
| Solomon Islands | 1.9 | 41.9 | 22.3 | 77.9 | 244.8% |
| Vietnam | 94.8 | 22.2 | 55.8 | 49.9 | -19.3% |
| United Kingdom | 122 | 61.6 | 15.6 | 41.3 | -30.3% |
| China | 0.2 | 3.1 | 22.3 | 36.0 | 464.6% |
| Germany | 178 | 80.1 | 39.0 | 27.6 | -46.3% |
| Ghana | N/A | N/A | N/A | 13.8 | 0% |
| Others | 655 | 598 | 526 | 371 | -17.3% |
| Total | 3,537 | 3,047 | 3,122 | 2,465 | -11.3% |
Top Export Markets for Tools, Hand; Other than Household Tools from New Zealand in 2022:
- Australia (31.6 tons)
- United States (7.2 tons)
- Ghana (3.8 tons)
- Austria (3.6 tons)
- Cook Islands (3.6 tons)
- Thailand (3.1 tons)
- Fiji (2.7 tons)
- Solomon Islands (2.4 tons)
- Netherlands (1.7 tons)
- China (1.6 tons)
- United Kingdom (1.5 tons)
- Vietnam (1.2 tons)
- Germany (0.7 tons)
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