New Zealand: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in New Zealand

The New Zealand flywheels and pulleys market skyrocketed to $X in 2021, picking up by 44% 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 +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Flywheels And Pulleys Exports

Exports from New Zealand

In 2021, approx. X tons of flywheels and pulleys were exported from New Zealand; with an increase of 2.1% compared with the previous year. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2013 when exports increased by 145%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, flywheels and pulleys exports declined to $X in 2021. Overall, exports, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 145% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons), the United States (X tons) and the Czech Republic (X tons) were the main destinations of flywheels and pulleys exports from New Zealand, together accounting for 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +47.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and the Czech Republic ($X) were the largest markets for flywheels and pulleys exported from New Zealand worldwide, together comprising 84% of total exports.

The Czech Republic, with a CAGR of +52.3%, saw the highest growth rate of the value of exports, among 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

The average flywheels and pulleys export price stood at $X per ton in 2021, falling by -8.6% against the previous year. Over the period under review, the export price showed a noticeable downturn. The growth pace was the most rapid in 2018 when the average export price increased by 11%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to Canada ($X per ton) and Fiji ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Flywheels And Pulleys Imports

Imports into New Zealand

In 2021, approx. X tons of flywheels and pulleys were imported into New Zealand; jumping by 33% compared with 2020 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of flywheels and pulleys imports to New Zealand, together accounting for 42% of total imports. Italy, Australia, Japan, Hungary, the UK, Singapore, South Korea, Indonesia, Canada and Thailand lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +153.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest flywheels and pulleys suppliers to New Zealand, with a combined 42% share of total imports. Italy, Australia, Japan, Hungary, the UK, Singapore, South Korea, Indonesia, Canada and Thailand lagged somewhat behind, together accounting for a further 44%.

Indonesia, with a CAGR of +161.7%, 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 flywheels and pulleys import price stood at $X per ton in 2021, with an increase of 7.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Australia ($X per ton), while the price for Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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