New Zealand: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in New Zealand

In 2022, the New Zealand market for hand-operated drilling, threading or tapping tools was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Hand-Operated Drilling, Threading or Tapping Tools in New Zealand

In value terms, production of hand-operated drilling, threading or tapping tools shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Production of peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from New Zealand

After three years of growth, shipments abroad of hand-operated drilling, threading or tapping tools decreased by -90.3% to X tons in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 1,307% against the previous year. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, exports of hand-operated drilling, threading or tapping tools plummeted to $X in 2022. Over the period under review, exports showed a slight slump. The growth pace was the most rapid in 2021 with an increase of 868%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Canada (X tons) was the main destination for exports of hand-operated drilling, threading or tapping tools from New Zealand, with a 42% share of total exports. Moreover, exports of hand-operated drilling, threading or tapping tools to Canada exceeded the volume sent to the second major destination, French Polynesia (X kg), twofold. The third position in this ranking was taken by Fiji (X kg), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to +283.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (+30.6% per year) and Fiji (+34.8% per year).

In value terms, Canada ($X) emerged as the key foreign market for hand-operated drilling, threading or tapping tools exports from New Zealand, comprising 42% of total exports. The second position in the ranking was taken by French Polynesia ($X), with a 19% share of total exports. It was followed by Fiji, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to +260.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (+26.7% per year) and Fiji (+19.7% per year).

Export Prices by Country

The average export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, jumping by 25% against the previous year. In general, the export price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 66%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were French Polynesia ($X per ton) and Canada ($X per ton), while the average price for exports to Italy ($X per ton) and Tonga ($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 Australia (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into New Zealand

In 2022, overseas purchases of hand-operated drilling, threading or tapping tools decreased by -14.1% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools shrank notably to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and Australia (X tons) were the main suppliers of imports of hand-operated drilling, threading or tapping tools to New Zealand, together comprising 63% of total imports. Taiwan (Chinese), Austria, Italy, Thailand, the UK, Japan, Germany, India and Israel lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +127.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Australia ($X) were the largest hand-operated drilling, threading or tapping tool suppliers to New Zealand, together accounting for 63% of total imports. Taiwan (Chinese), Austria, Italy, Thailand, the UK, Japan, Germany, India and Israel lagged somewhat behind, together accounting for a further 33%.

Thailand, with a CAGR of +114.6%, 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

The average import price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, shrinking by -4.7% against the previous year. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by 22% 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 lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and Japan ($X per ton), while the price for Germany ($X per ton) and Italy ($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 (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :