New Zealand: Hydraulic Press Market 2024

Hydraulic Press Market Size in New Zealand

The New Zealand hydraulic press market reduced to $X in 2022, declining by -11.6% against the previous year. Overall, consumption, however, showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Hydraulic Press Production in New Zealand

In value terms, hydraulic press production reduced to $X in 2022 estimated in export price. In general, production faced a deep contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 107% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Hydraulic Press Exports

Exports from New Zealand

In 2022, approx. X units of hydraulic presses for working metal were exported from New Zealand; shrinking by -45.7% compared with 2021 figures. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 when exports increased by 1,745% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic press exports plummeted to $X in 2022. In general, exports, however, saw strong growth. The growth pace was the most rapid in 2018 with an increase of 14,633% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for hydraulic press exports from New Zealand, accounting for a 69% share of total exports. Moreover, hydraulic press exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. Vietnam (X units) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+30.2% per year) and Vietnam (+11.6% per year).

In value terms, China ($X) remains the key foreign market for hydraulic presses for working metal exports from New Zealand, comprising 70% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Vietnam, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+71.4% per year) and Vietnam (+32.5% per year).

Export Prices by Country

In 2022, the average hydraulic press export price amounted to $X per unit, falling by -2.7% against the previous year. Over the period under review, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2018 an increase of 698% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+31.7%), while the prices for the other major destinations experienced mixed trend patterns.

Hydraulic Press Imports

Imports into New Zealand

In 2022, approx. X units of hydraulic presses for working metal were imported into New Zealand; waning by -30.2% against the year before. In general, imports showed a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 173% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, hydraulic press imports reduced dramatically to $X in 2022. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 516% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic press to New Zealand, accounting for a 88% share of total imports. It was followed by South Korea (X units), with a 2.5% share of total imports. The third position in this ranking was held by Austria (X units), with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+24.6% per year) and Austria (-26.4% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic presses for working metal to New Zealand, comprising 58% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by Austria, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+39.5% per year) and Austria (-24.1% per year).

Import Prices by Country

The average hydraulic press import price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 163%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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