New Zealand: Electro-Magnetic Coupling Market 2024

Electro-Magnetic Coupling Market Size in New Zealand

The New Zealand electro-magnetic coupling market dropped notably to $X in 2022, falling 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). Overall, consumption saw a perceptible descent. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Electro-Magnetic Coupling Exports

Exports from New Zealand

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes decreased by X% to X tons, falling for the third consecutive year after six years of growth. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electro-magnetic coupling exports declined to $X in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for electro-magnetic coupling exports from New Zealand, with a X% share of total exports. Moreover, electro-magnetic coupling exports to the United States exceeded the volume sent to the second major destination, Australia (X kg), sixfold. Singapore (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Singapore (X% per year).

In value terms, the United States ($X) remains the key foreign market for electro-magnetic couplings, clutches and brakes exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Singapore, with an X% share.

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

Export Prices by Country

The average electro-magnetic coupling export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per ton) and Australia ($X per ton), while the average price for exports to Fiji ($X per ton) and France ($X 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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into New Zealand

Electro-magnetic coupling imports into New Zealand fell dramatically to X tons in 2022, reducing by X% compared with 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, electro-magnetic coupling imports reduced notably to $X in 2022. Over the period under review, imports saw a slight decline. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of electro-magnetic coupling imports to New Zealand, with a combined X% share of total imports. Australia, France, Italy, Hungary, the UK and Japan lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest electro-magnetic coupling suppliers to New Zealand were Germany ($X), the United States ($X) and China ($X), with a combined X% share of total imports. Australia, France, Italy, Hungary, the UK and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average electro-magnetic coupling import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and Hungary ($X per ton), while the price for Japan ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform