New Zealand: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in New Zealand

The New Zealand cranks and crankshafts market skyrocketed to $X in 2022, with an increase of 26% 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 showed a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cranks And Crankshafts Exports

Exports from New Zealand

In 2022, cranks and crankshafts exports from New Zealand skyrocketed to X tons, with an increase of 71% against the previous year's figure. In general, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cranks and crankshafts exports skyrocketed to $X in 2022. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), the United States (X tons) and Fiji (X tons) were the main destinations of cranks and crankshafts exports from New Zealand, together accounting for 72% of total exports. New Caledonia, Brazil, the UK, Germany, Denmark and Belgium lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +45.9%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Fiji ($X) constituted the largest markets for cranks and crankshafts exported from New Zealand worldwide, together comprising 71% of total exports. New Caledonia, Brazil, the UK, Germany, Denmark and Belgium lagged somewhat behind, together accounting for a further 12%.

In terms of the main countries of destination, Brazil, with a CAGR of +35.6%, 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

In 2022, the average cranks and crankshafts export price amounted to $X per ton, picking up by 6.8% against the previous year. In general, the export price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2013 when the average export price increased by 32%. 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 external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to New Caledonia ($X per ton) and Australia ($X per ton), while the average price for exports to Belgium ($X per ton) and Denmark ($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 New Caledonia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into New Zealand

In 2022, cranks and crankshafts imports into New Zealand soared to X tons, growing by 34% against the previous year's figure. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 93%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cranks and crankshafts imports skyrocketed to $X in 2022. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 89% against the previous year. Imports peaked at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

The United States (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of cranks and crankshafts imports to New Zealand, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts suppliers to New Zealand were the United States ($X), Japan ($X) and Germany ($X), together comprising 68% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +26.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cranks and crankshafts import price stood at $X per ton in 2022, which is down by -3.8% against the previous year. Over the period under review, the import price saw a perceptible contraction. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and the UK ($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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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