New Zealand: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in New Zealand

The New Zealand market for in-hand motor grinders, sanders and planers surged to $X in 2021, with an increase of 60% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from New Zealand

In 2021, overseas shipments of in-hand motor grinders, sanders and planers increased by 76% to X units, rising for the third year in a row after five years of decline. In general, exports continue to indicate perceptible growth. Over the period under review, the exports of hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers rose sharply to $X in 2021. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +164.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 135% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Australia (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from New Zealand, with a 57% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Australia exceeded the volume sent to the second major destination, Cook Islands (X units), sevenfold. Hong Kong SAR (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+11.6% per year) and Hong Kong SAR (+55.7% per year).

In value terms, Australia ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from New Zealand, comprising 57% of total exports. The second position in the ranking was held by Cook Islands ($X), with a 7.9% share of total exports. It was followed by Samoa, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+8.4% per year) and Samoa (+15.5% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, waning by -35.9% against the previous year. Over the period under review, the export price, however, showed a modest increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 82% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Samoa ($X per unit), while the average price for exports to Tonga ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Samoa (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into New Zealand

In 2021, the amount of in-hand motor grinders, sanders and planers imported into New Zealand surged to X units, picking up by 52% on the year before. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to New Zealand, accounting for a 83% share of total imports. It was followed by the United States (X units), with a 2.7% share of total imports. The third position in this ranking was taken by Mexico (X units), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.5% per year) and Mexico (+21.9% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to New Zealand, comprising 75% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.2% share of total imports. It was followed by Japan, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.4% per year) and Japan (+3.5% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, growing by 6.1% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for in-hand motor grinders, sanders and planers increased by +66.2% against 2012 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :