New Zealand: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2024

Market Size for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in New Zealand

The New Zealand market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment contracted to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in New Zealand

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced to $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The growth pace was the most rapid in 2015 when the production volume increased by 152% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Exports from New Zealand

In 2022, the amount of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exported from New Zealand surged to X tons, with an increase of 73% compared with the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 7,465%. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment skyrocketed to $X in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by 3,363% against the previous year. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from New Zealand, accounting for a 99% share of total exports. It was followed by Fiji (X kg), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +54.0%.

In value terms, Australia ($X) remains the key foreign market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exports from New Zealand, comprising 99% of total exports. The second position in the ranking was taken by Fiji ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +54.1%.

Export Prices by Country

The average export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment stood at $X per ton in 2022, increasing by 37% against the previous year. Overall, the export price, however, recorded a pronounced downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Fiji amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.1%).

Imports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Imports into New Zealand

In 2022, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment into New Zealand skyrocketed to X tons, increasing by 70% against 2021 figures. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 123%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment surged to $X in 2022. In general, imports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 with an increase of 131%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Australia (X tons) and China (X tons) were the main suppliers of imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to New Zealand, together comprising 94% of total imports. The United States and Japan lagged somewhat behind, together accounting for a further 5.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +65.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to New Zealand, comprising 72% of total imports. The second position in the ranking was held by Australia ($X), with a 12% share of total imports. It was followed by China, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+33.6% per year) and China (+61.8% per year).

Import Prices by Country

In 2022, the average import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, rising by 34% against the previous year. In general, the import price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 36% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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