New Zealand: Ball Bearing Market 2024

Ball Bearing Market Size in New Zealand

The New Zealand ball bearing market rose notably to $X in 2021, increasing by 6.8% 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, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the immediate term.

Ball Bearing Exports

Exports from New Zealand

In 2021, overseas shipments of ball bearings increased by 66% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ball bearing exports soared to $X in 2021. Overall, exports saw a strong 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 tons), Australia (X tons) and Singapore (X tons) were the main destinations of ball bearing exports from New Zealand, with a combined 72% share of total exports. Samoa, Fiji, Chile, Sweden, India and Thailand lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Samoa (with a CAGR of +50.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing exported from New Zealand were the United States ($X), Australia ($X) and Singapore ($X), with a combined 72% share of total exports. These countries were followed by Samoa, Fiji, Chile, Sweden, India and Thailand, which together accounted for a further 20%.

In terms of the main countries of destination, Samoa, with a CAGR of +44.4%, 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

In 2021, the average ball bearing export price amounted to $X per ton, surging by 16% against the previous year. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 52% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to India ($X per ton) and Sweden ($X per ton), while the average price for exports to Thailand ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into New Zealand

Ball bearing imports into New Zealand totaled X tons in 2021, flattening at the year before. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 10% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, ball bearing imports totaled $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 10%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Japan (X tons), China (X tons) and Germany (X tons) were the main suppliers of ball bearing imports to New Zealand, together comprising 45% of total imports. These countries were followed by the United States, Austria, Australia, Italy, South Korea, France, Taiwan (Chinese), Spain, the UK and Malaysia, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Germany ($X) were the largest ball bearing suppliers to New Zealand, together accounting for 45% of total imports. These countries were followed by the United States, Austria, Australia, Italy, South Korea, France, Taiwan (Chinese), Spain, the UK and Malaysia, which together accounted for a further 41%.

Spain, with a CAGR of +19.3%, recorded the highest rates of growth with regard to 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

The average ball bearing import price stood at $X per ton in 2021, picking up by 9.5% against the previous year. Overall, the import price, however, showed a slight decline. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Malaysia ($X per ton), while the price for Italy ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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