New Zealand: Market for Gearboxes and Speed Changers 2025

Market Size for Gearboxes and Speed Changers in New Zealand

The New Zealand gearboxes and speed changers market rose modestly to $X in 2022, surging by X% 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). Over the period under review, consumption saw a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports from New Zealand

In 2022, overseas shipments of gearboxes and speed changers increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, gearboxes and speed changers exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons), the United States (X tons) and the UK (X tons) were the main destinations of gearboxes and speed changers exports from New Zealand, with a combined X% share of total exports. France, Japan, Fiji, the Netherlands, New Caledonia, Canada, the Philippines, Germany, Denmark and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, Australia ($X), the United States ($X) and the UK ($X) were the largest markets for gearboxes and speed changers exported from New Zealand worldwide, with a combined X% share of total exports. France, Japan, Fiji, the Netherlands, New Caledonia, Canada, the Philippines, Germany, Denmark and Belgium lagged somewhat behind, together accounting for a further X%.

New Caledonia, with a CAGR of X%, 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 gearboxes and speed changers export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and the Philippines ($X per ton), while the average price for exports to Denmark ($X per ton) and the UK ($X per ton) were amongst the lowest.

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

Imports of Gearboxes and Speed Changers

Imports into New Zealand

In 2022, approx. X tons of gearboxes and speed changers were imported into New Zealand; surging by X% on the previous year. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gearboxes and speed changers imports rose sharply to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Italy (X tons) and Australia (X tons) were the main suppliers of gearboxes and speed changers imports to New Zealand, together accounting for X% of total imports. China, Germany, France, India, Canada, Japan, Denmark, Taiwan (Chinese), South Korea and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest gearboxes and speed changers suppliers to New Zealand were the United States ($X), Italy ($X) and Australia ($X), with a combined X% share of total imports. China, Germany, France, India, Canada, Japan, Denmark, Taiwan (Chinese), South Korea and Belgium lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw 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

In 2022, the average gearboxes and speed changers import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, showed a slight descent. The pace of growth appeared the most rapid in 2013 an increase of X% 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 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 ($X per ton) and Japan ($X per ton), while the price for Belgium ($X per ton) and South Korea ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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