New Zealand: Electro-Magnetic Coupling Market 2025

Electro-Magnetic Coupling Market Size in New Zealand

The New Zealand electro-magnetic coupling market fell remarkably to $X in 2022, with a decrease of -51.5% 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). In general, consumption saw a deep slump. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Electro-Magnetic Coupling Exports

Exports from New Zealand

In 2022, shipments abroad of electro-magnetic couplings, clutches and brakes was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 375%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electro-magnetic coupling exports surged to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 285%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for electro-magnetic coupling exports from New Zealand, with a 62% share of total exports. Moreover, electro-magnetic coupling exports to the United States exceeded the volume sent to the second major destination, Australia (X kg), sevenfold. Singapore (X kg) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +92.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+20.6% per year) and Singapore (+21.1% per year).

In value terms, the United States ($X) remains the key foreign market for electro-magnetic couplings, clutches and brakes exports from New Zealand, comprising 62% of total exports. The second position in the ranking was taken by Australia ($X), with an 8.6% share of total exports. It was followed by Singapore, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +88.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+17.7% per year) and Singapore (+10.6% per year).

Export Prices by Country

The average electro-magnetic coupling export price stood at $X per ton in 2022, rising by 3.2% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($X per ton) and Fiji ($X per ton), while the average price for exports to Singapore ($X per ton) and France ($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 Lithuania (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electro-Magnetic Coupling Imports

Imports into New Zealand

In 2022, electro-magnetic coupling imports into New Zealand contracted markedly to X tons, with a decrease of -24.4% against the previous year. Over the period under review, imports, however, recorded temperate growth. The pace of growth was the most pronounced in 2019 when imports increased by 116% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, electro-magnetic coupling imports declined remarkably to $X in 2022. Overall, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2019 with an increase of 133% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of electro-magnetic coupling imports to New Zealand, with a combined 61% share of total imports. Australia, France, Italy, Hungary, the UK and Japan lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +59.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electro-magnetic coupling suppliers to New Zealand were Germany ($X), the United States ($X) and China ($X), with a combined 61% share of total imports. Australia, France, Italy, Hungary, the UK and Japan lagged somewhat behind, together comprising a further 29%.

Hungary, with a CAGR of +35.4%, 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

In 2022, the average electro-magnetic coupling import price amounted to $X per ton, declining by -2.9% against the previous year. Over the period under review, the import price showed a noticeable reduction. The pace of growth was the most pronounced in 2020 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 the UK ($X per ton) and Hungary ($X per ton), while the price for Japan ($X per ton) and Italy ($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 (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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