New Zealand - Hydraulic Cylinders and Systems - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNew Zealand: Market for Hydraulic Cylinders And Systems 2024
Market Size for Hydraulic Cylinders And Systems in New Zealand
In 2022, the New Zealand hydraulic cylinder and system market decreased by -7% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption, however, continues to indicate temperate growth. Hydraulic cylinder and system consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.
Exports of Hydraulic Cylinders And Systems
Exports from New Zealand
In 2022, the amount of hydraulic cylinders and systems exported from New Zealand soared to X units, with an increase of 95% against the previous year. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of 145%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, hydraulic cylinder and system exports skyrocketed to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 136%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
Exports by Country
Australia (X units) was the main destination for hydraulic cylinder and system exports from New Zealand, with a 54% share of total exports. Moreover, hydraulic cylinder and system exports to Australia exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by the United States (X units), with an 11% share.
From 2012 to 2022, the average annual growth rate of volume to Australia totaled +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+92.0% per year) and the United States (+46.1% per year).
In value terms, Australia ($X) remains the key foreign market for hydraulic cylinders and systems exports from New Zealand, comprising 54% of total exports. The second position in the ranking was taken by China ($X), with a 23% share of total exports. It was followed by the United States, with an 11% share.
From 2012 to 2022, the average annual growth rate of value to Australia stood at +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+93.4% per year) and the United States (+43.3% per year).
Export Prices by Country
The average hydraulic cylinder and system export price stood at $X per unit in 2022, increasing by 8% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and South Africa ($X per unit), while the average price for exports to Canada ($X per unit) and China ($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 China (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Hydraulic Cylinders And Systems
Imports into New Zealand
In 2022, purchases abroad of hydraulic cylinders and systems increased by 38% to X units, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 43%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.
In value terms, hydraulic cylinder and system imports skyrocketed to $X in 2022. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 39%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, the United States (X units) constituted the largest supplier of hydraulic cylinder and system to New Zealand, with a 36% share of total imports. Moreover, hydraulic cylinder and system imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. China (X units) ranked third in terms of total imports with a 6.5% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.4% per year) and China (-3.2% per year).
In value terms, the largest hydraulic cylinder and system suppliers to New Zealand were the United States ($X), the UK ($X) and China ($X), together comprising 60% of total imports. Italy, Australia, Canada, South Korea, Ireland, Germany, France, Japan and Finland lagged somewhat behind, together accounting for a further 33%.
Ireland, with a CAGR of +58.7%, recorded the highest growth rate of 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 hydraulic cylinder and system import price amounted to $X per unit, waning by -8.8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 11%. As a result, import price attained the peak level of $X per unit, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Italy ($X per unit), while the price for Finland ($X per unit) and the United States ($X per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for hydraulic cylinder and system in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28121130 - Hydraulic cylinders
- Prodcom 28121630 - Hydraulic systems (power packs with actuators)
Country coverage:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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