New Zealand: Transmission Shaft Market 2024

Transmission Shaft Market Size in New Zealand

The New Zealand transmission shaft market surged to $X in 2022, picking up 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, the total consumption indicated a resilient expansion 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. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Transmission Shaft Exports

Exports from New Zealand

Transmission shaft exports from New Zealand contracted slightly to X tons in 2022, with a decrease of X% compared with the previous year. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports reduced to $X in 2022. Overall, exports showed a pronounced setback. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons), the United States (X tons) and Germany (X tons) were the main destinations of transmission shaft exports from New Zealand, together accounting for X% of total exports. The UK, France, Fiji, India, New Caledonia, Indonesia, Singapore, Denmark and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Caledonia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Germany ($X) were the largest markets for transmission shaft exported from New Zealand worldwide, with a combined X% share of total exports. India, the UK, France, Indonesia, Fiji, New Caledonia, Singapore, Denmark and Belgium lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, New Caledonia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 India ($X per ton), while the average price for exports to Fiji ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Transmission Shaft Imports

Imports into New Zealand

In 2022, imports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain into New Zealand soared to X tons, jumping by X% on the previous year's figure. In general, total imports indicated resilient 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, transmission shaft imports stood at $X in 2022. Overall, total imports indicated strong 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main suppliers of transmission shaft imports to New Zealand, together comprising X% of total imports. Australia, Italy, Germany, Canada, the UK, France, South Korea and Taiwan (Chinese) 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 Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft suppliers to New Zealand were the United States ($X), Japan ($X) and China ($X), with a combined X% share of total imports. Australia, Italy, Germany, the UK, Canada, France, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average transmission shaft import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price saw a mild contraction. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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