New Zealand: Gear Box Market 2024

Gear Box Market Size in New Zealand

The New Zealand gear box market declined to $X in 2022, with a decrease of 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, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Gear box consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Gear Box Exports

Exports from New Zealand

In 2022, overseas shipments of gear boxes increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, gear box exports soared to $X in 2022. Over the period under review, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for gear box exports from New Zealand, accounting for a X% share of total exports. Moreover, gear box exports to the United States exceeded the volume sent to the second major destination, Australia (X units), fourfold. The third position in this ranking was taken by the UK (X units), with a 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 the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for gear boxes exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, 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: Australia (X% per year) and the UK (X% per year).

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price enjoyed mild growth. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and New Caledonia ($X per unit), while the average price for exports to Fiji ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, 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.

Gear Box Imports

Imports into New Zealand

In 2022, overseas purchases of gear boxes increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, gear box imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Australia (X units) and Germany (X units) were the main suppliers of gear box imports to New Zealand, together accounting for X% of total imports. Japan, the UK, China, Italy, South Korea, France, Mexico, Sweden, Thailand and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest gear box suppliers to New Zealand were the United States ($X), Australia ($X) and Germany ($X), with a combined X% share of total imports. Japan, the UK, China, Italy, South Korea, France, Mexico, Sweden, Thailand and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Czech Republic, with a CAGR of X%, recorded 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

The average gear box import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Australia ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and the UK ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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