New Zealand: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in New Zealand

After four years of decline, the New Zealand pressure-reducing iron valve market increased by X% to $X in 2022. In general, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from New Zealand

In 2022, after seven years of growth, there was significant decline in shipments abroad of pressure-reducing, control, check and safety valves, when their volume decreased by X% to X units. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, pressure-reducing iron valve exports declined remarkably to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

Australia (X units) was the main destination for pressure-reducing iron valve exports from New Zealand, with a X% share of total exports. Moreover, pressure-reducing iron valve exports to Australia exceeded the volume sent to the second major destination, India (X units), threefold. The third position in this ranking was held by Bangladesh (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

In value terms, Australia ($X) remains the key foreign market for pressure-reducing, control, check and safety valves exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Bangladesh, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price saw a temperate increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 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 India ($X per unit) and the United States ($X per unit), while the average price for exports to Germany ($X per unit) and Malaysia ($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 Samoa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pressure-Reducing Iron Valve Imports

Imports into New Zealand

In 2022, pressure-reducing iron valve imports into New Zealand amounted to X units, remaining relatively unchanged against 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports rose modestly to $X in 2022. In general, imports saw a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of pressure-reducing iron valve imports to New Zealand, with a combined X% share of total imports. The United States, Israel, Japan, Australia, the UK, Poland, Taiwan (Chinese), France, Hungary and Denmark lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve suppliers to New Zealand were Germany ($X), Italy ($X) and China ($X), together comprising X% of total imports. The United States, Israel, Japan, Australia, the UK, Poland, Taiwan (Chinese), France, Hungary and Denmark lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and Australia ($X per unit), while the price for France ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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