New Zealand: Hedge Shear Market 2024

Hedge Shear Market Size in New Zealand

In 2021, the New Zealand hedge shear market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; afterwards, it flattened through to 2021.

Hedge Shear Exports

Exports from New Zealand

Hedge shear exports from New Zealand declined significantly to X tons in 2021, which is down by -66.8% against the previous year. Over the period under review, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 574%. As a result, the exports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, hedge shear exports shrank notably to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 461%. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

Chile (X kg), Samoa (X kg) and Cook Islands (X kg) were the main destinations of hedge shear exports from New Zealand, with a combined 72% share of total exports. These countries were followed by New Caledonia, Australia, Fiji and Brazil, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +43.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) emerged as the key foreign market for hedge shears and two-handed pruning shears exports from New Zealand, comprising 42% of total exports. The second position in the ranking was taken by Samoa ($X), with a 16% share of total exports. It was followed by Cook Islands, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+15.3% per year) and Cook Islands (+17.7% per year).

Export Prices by Country

In 2021, the average hedge shear export price amounted to $X per ton, reducing by -5.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 92% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Cook Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hedge Shear Imports

Imports into New Zealand

In 2021, overseas purchases of hedge shears and two-handed pruning shears increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 41%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hedge shear imports soared to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, 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.

Imports by Country

In 2021, China (X tons) constituted the largest hedge shear supplier to New Zealand, with a 46% share of total imports. Moreover, hedge shear imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. France (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.4% per year) and France (+2.1% per year).

In value terms, China ($X) constituted the largest supplier of hedge shears and two-handed pruning shears to New Zealand, comprising 46% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.3% per year) and France (-2.0% per year).

Import Prices by Country

In 2021, the average hedge shear import price amounted to $X per ton, picking up by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 an increase of 31%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for Thailand ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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