New Zealand: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in New Zealand

The New Zealand market for vacuum pumps and air or gas compressors rose remarkably to $X in 2022, increasing by 11% 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from New Zealand

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported from New Zealand; which is down by -22% compared with the year before. Over the period under review, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors reduced slightly to $X in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 90%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units), Spain (X units) and Samoa (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from New Zealand, with a combined 57% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +118.9%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from New Zealand, comprising 53% of total exports. The second position in the ranking was held by Fiji ($X), with a 16% share of total exports. It was followed by India, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-0.0% per year) and India (-18.3% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, surging by 23% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2019 an increase of 92%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into New Zealand

In 2022, overseas purchases of vacuum pumps and air or gas compressors increased by 5.8% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports of reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of vacuum pumps and air or gas compressors rose notably to $X in 2022. Overall, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Australia (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to New Zealand, with a combined 77% share of total imports. Italy, the United States, the UK, Germany, Thailand, Japan, Malaysia, Singapore and Brazil lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to New Zealand, comprising 26% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.7% per year) and Italy (+2.0% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, rising by 5.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 17%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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