New Zealand: Shaft Coupling Market 2024

Shaft Coupling Market Size in New Zealand

In 2022, the New Zealand shaft coupling market increased by 40% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +58.5% against 2020 indices. Shaft coupling consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Shaft Coupling Exports

Exports from New Zealand

After five years of growth, shipments abroad of clutches and shaft couplings decreased by -79.5% to X tons in 2022. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 165% against the previous year. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, shaft coupling exports reduced rapidly to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 167%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell rapidly in the following year.

Exports by Country

The United States (X tons), Australia (X tons) and the UK (X tons) were the main destinations of shaft coupling exports from New Zealand, together accounting for 53% of total exports. Indonesia, Fiji, Germany, the Czech Republic, New Caledonia, Canada and Italy lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +274.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and the UK ($X) were the largest markets for shaft coupling exported from New Zealand worldwide, together comprising 53% of total exports. Indonesia, Fiji, Germany, the Czech Republic, New Caledonia, Canada and Italy lagged somewhat behind, together comprising a further 32%.

Indonesia, with a CAGR of +281.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, surging by 7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and the United States ($X per ton), while the average price for exports to Canada ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into New Zealand

After two years of growth, purchases abroad of clutches and shaft couplings decreased by -1.7% to X tons in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, shaft coupling imports fell to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of shaft coupling imports to New Zealand, with a combined 52% share of total imports. Australia, Italy, the UK, Japan, Taiwan (Chinese), Norway and South Korea lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +71.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to New Zealand were Germany ($X), the United States ($X) and China ($X), together comprising 52% of total imports. Australia, Italy, the UK, Japan, Taiwan (Chinese), Norway and South Korea lagged somewhat behind, together accounting for a further 36%.

Norway, with a CAGR of +60.0%, saw the highest growth rate of 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 shaft coupling import price stood at $X per ton in 2022, waning by -7.7% against the previous year. Overall, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the price for South Korea ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :