New Zealand: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in New Zealand

The New Zealand metal vehicle lock market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports from New Zealand

Metal vehicle lock exports from New Zealand reached X tons in 2021, surging by 7.8% compared with 2020 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 187% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal vehicle lock exports expanded sharply to $X in 2021. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 168% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Australia (X tons) and Germany (X kg) were the main destinations of metal vehicle lock exports from New Zealand, together comprising 83% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +62.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal vehicle lock exported from New Zealand were the United States ($X), Australia ($X) and Germany ($X), together accounting for 83% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +48.6%, recorded 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 metal vehicle lock export price stood at $X per ton in 2021, surging by 5.3% against the previous year. In general, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to China ($X per ton) and Germany ($X per ton), while the average price for exports to Australia ($X per ton) and the United States ($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 China (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into New Zealand

After two years of decline, supplies from abroad of base metal motor vehicle locks increased by 35% to X tons in 2021. Overall, imports posted prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 54% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -32.2% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 69% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal vehicle lock to New Zealand, with a 25% share of total imports. Moreover, metal vehicle lock imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.1% per year) and Japan (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of base metal motor vehicle locks to New Zealand, comprising 25% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Japan, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.7% per year) and Japan (-0.5% per year).

Import Prices by Country

In 2021, the average metal vehicle lock import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 10%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were France ($X per ton) and the United States ($X per ton), while the price for Thailand ($X per ton) and the UK ($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) (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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