New Zealand: Check Valve Market 2024

Check Valve Market Size in New Zealand

The New Zealand check valve market surged to $X in 2021, rising by 16% 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). The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Check Valve Exports

Exports from New Zealand

In 2021, exports of check valves for pipes, boiler shells, tanks and vats from New Zealand surged to X units, rising by 39% on 2020 figures. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by 119%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, check valve exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 108%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Australia (X units), the United States (X units) and the Netherlands (X units) were the main destinations of check valve exports from New Zealand, together accounting for 57% of total exports. These countries were followed by India, Samoa, China, Denmark, Germany, South Korea, Brazil, Papua New Guinea, Fiji and Canada, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +146.2%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest markets for check valve exported from New Zealand worldwide, together accounting for 57% of total exports. India, Samoa, China, Denmark, Germany, South Korea, Brazil, Papua New Guinea, Fiji and Canada lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Denmark, with a CAGR of +111.7%, 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 check valve export price stood at $X per unit in 2021, growing by 20% against the previous year. In general, the export price, however, saw a noticeable setback. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Fiji ($X per unit) and Canada ($X per unit), while the average price for exports to Denmark ($X per unit) and Australia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into New Zealand

In 2021, the amount of check valves for pipes, boiler shells, tanks and vats imported into New Zealand skyrocketed to X units, jumping by 29% compared with the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, check valve imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Australia (X units) were the main suppliers of check valve imports to New Zealand, with a combined 62% share of total imports. These countries were followed by Germany, Taiwan (Chinese), the UK, Italy, Sweden, Norway, France, the Netherlands and Japan, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +65.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Australia ($X) appeared to be the largest check valve suppliers to New Zealand, with a combined 59% share of total imports. These countries were followed by Germany, Taiwan (Chinese), the UK, Italy, Sweden, Norway, France, the Netherlands and Japan, which together accounted for a further 33%.

Norway, with a CAGR of +53.7%, recorded the highest rates of growth with regard to 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 check valve import price stood at $X per unit in 2021, declining by -10.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 14% against the previous year. The import price peaked at $X per unit in 2020, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the Netherlands ($X per unit) and France ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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