New Zealand: Hand Sieve Market 2024

Hand Sieve Market Size in New Zealand

In 2022, after five years of growth, there was significant decline in the New Zealand hand sieve market, when its value decreased by -51.3% to $X. Over the period under review, consumption, however, continues to indicate temperate growth. Hand sieve consumption peaked at $X in 2021, and then declined remarkably in the following year.

Hand Sieve Exports

Exports from New Zealand

In 2022, shipments abroad of hand sieves and hand riddles increased by 204% to X units, rising for the fifth year in a row after three years of decline. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 990% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, hand sieve exports surged to $X in 2022. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 1,037% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units) was the main destination for hand sieve exports from New Zealand, accounting for a 75% share of total exports. Moreover, hand sieve exports to the United States exceeded the volume sent to the second major destination, Fiji (X units), ninefold. The third position in this ranking was held by Solomon Islands (X units), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+15.4% per year) and Solomon Islands (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for hand sieves and hand riddles exports from New Zealand, comprising 75% of total exports. The second position in the ranking was taken by Fiji ($X), with an 8.7% share of total exports. It was followed by Solomon Islands, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+12.4% per year) and Solomon Islands (0.0% per year).

Export Prices by Country

The average hand sieve export price stood at $X per unit in 2022, growing by 6.4% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2017 an increase of 54%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and the United States ($X per unit), while the average price for exports to the UK ($X per unit) and Canada ($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 Australia (-1.0%), while the prices for the other major destinations experienced a decline.

Hand Sieve Imports

Imports into New Zealand

In 2022, after five years of growth, there was significant decline in purchases abroad of hand sieves and hand riddles, when their volume decreased by -56.9% to X units. Overall, imports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 52% against the previous year. Imports peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, hand sieve imports contracted remarkably to $X in 2022. In general, imports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell significantly in the following year.

Imports by Country

China (X units), the UK (X units) and the United States (X units) were the main suppliers of hand sieve imports to New Zealand, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +26.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of hand sieves and hand riddles to New Zealand, comprising 63% of total imports. The second position in the ranking was held by the UK ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+12.0% per year) and the United States (+14.4% per year).

Import Prices by Country

The average hand sieve import price stood at $X per unit in 2022, jumping by 87% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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