New Zealand: Ink-Pad Market 2024

Ink-Pad Market Size in New Zealand

The New Zealand ink-pad market shrank to $X in 2022, which is down by -7.8% 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 saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ink-Pad Exports

Exports from New Zealand

In 2022, overseas shipments of ink-pads decreased by -10.6% to X units, falling for the third consecutive year after three years of growth. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 206% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ink-pad exports fell sharply to $X in 2022. Overall, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2014 with an increase of 330%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tonga (X units), Australia (X units) and Cook Islands (X units) were the main destinations of ink-pad exports from New Zealand, together comprising 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cook Islands (with a CAGR of +12.6%), while the other leaders experienced a decline.

In value terms, the largest markets for ink-pad exported from New Zealand were Tonga ($X), Australia ($X) and Cook Islands ($X), with a combined 83% share of total exports.

Cook Islands, with a CAGR of +7.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average ink-pad export price amounted to $X per unit, shrinking by -40.3% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 95% against the previous year. The export price peaked at $X per unit in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cook Islands ($X per unit), while the average price for exports to Samoa ($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 Israel (+49.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ink-Pad Imports

Imports into New Zealand

In 2022, purchases abroad of ink-pads was finally on the rise to reach X units after three years of decline. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 52%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ink-pad imports fell rapidly to $X in 2022. Over the period under review, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest ink-pad supplier to New Zealand, accounting for a 44% share of total imports. Moreover, ink-pad imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Austria (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.0% per year) and Austria (-6.3% per year).

In value terms, the United States ($X) constituted the largest supplier of ink-pads to New Zealand, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Austria, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.1% per year) and Austria (-14.2% per year).

Import Prices by Country

The average ink-pad import price stood at $X per unit in 2022, waning by -17.2% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per unit) and Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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