New Zealand: Files And Rasps Market 2024

Files And Rasps Exports

Exports from New Zealand

In 2022, overseas shipments of files, rasps and similar tools increased by 61% to X units, rising for the third consecutive year after five years of decline. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 116%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, files and rasps exports surged to $X in 2022. Overall, exports saw a buoyant increase. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Samoa (X units) was the main destination for files and rasps exports from New Zealand, with a 60% share of total exports. Moreover, files and rasps exports to Samoa exceeded the volume sent to the second major destination, Australia (X units), fivefold. Cook Islands (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Samoa amounted to +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-9.6% per year) and Cook Islands (+0.6% per year).

In value terms, Samoa ($X) remains the key foreign market for files, rasps and similar tools exports from New Zealand, comprising 60% of total exports. The second position in the ranking was held by Australia ($X), with a 12% share of total exports. It was followed by Cook Islands, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Samoa stood at +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-8.0% per year) and Cook Islands (-0.7% per year).

Export Prices by Country

In 2022, the average files and rasps export price amounted to $X per unit, rising by 14% against the previous year. Over the period under review, the export price recorded a slight increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 56%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and Tonga ($X per unit), while the average price for exports to Cook Islands ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Files And Rasps Imports

Imports into New Zealand

For the third year in a row, New Zealand recorded growth in overseas purchases of files, rasps and similar tools, which increased by 10% to X units in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +63.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, files and rasps imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.6% 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 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany (X units), China (X units) and the United States (X units) were the main suppliers of files and rasps imports to New Zealand, together comprising 58% of total imports. Colombia, Portugal, Australia, Switzerland, Taiwan (Chinese), Belgium, Indonesia, Italy, South Korea and India lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +40.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) constituted the largest files and rasps suppliers to New Zealand, together accounting for 58% of total imports. Colombia, Portugal, Australia, Switzerland, Taiwan (Chinese), Belgium, Indonesia, Italy, South Korea and India lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Belgium, with a CAGR of +37.4%, saw the highest growth rate of 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 files and rasps import price stood at $X per unit in 2022, declining by -16.6% against the previous year. Overall, the import price recorded a perceptible curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 11%. The import price peaked at $X per unit in 2012; however, from 2013 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 Taiwan (Chinese) ($X per unit) and Australia ($X per unit), while the price for Colombia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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