New Zealand: Boiler Parts Market 2024

Boiler Parts Market Size in New Zealand

After two years of growth, the New Zealand boiler parts market decreased by -9% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Boiler Parts Production in New Zealand

In value terms, boiler parts production declined to $X in 2021 estimated in export price. Overall, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Boiler Parts Exports

Exports from New Zealand

In 2021, approx. X tons of parts of boilers for central heating were exported from New Zealand; picking up by 216% compared with 2020 figures. Over the period under review, exports, however, saw a dramatic slump. The growth pace was the most rapid in 2016 when exports increased by 219% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, boiler parts exports surged to $X in 2021. In general, exports, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2016 when exports increased by 396% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Samoa (X tons) was the main destination for boiler parts exports from New Zealand, with a 72% share of total exports. Moreover, boiler parts exports to Samoa exceeded the volume sent to the second major destination, Australia (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Samoa totaled +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-30.8% per year) and Fiji (-16.8% per year).

In value terms, Samoa ($X) emerged as the key foreign market for parts of boilers for central heating exports from New Zealand, comprising 59% of total exports. The second position in the ranking was taken by Fiji ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Samoa totaled +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-12.5% per year) and Australia (-31.4% per year).

Export Prices by Country

In 2021, the average boiler parts export price amounted to $X per ton, reducing by -49% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by 86%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Fiji ($X per ton), while the average price for exports to Australia ($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 Fiji (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Boiler Parts Imports

Imports into New Zealand

In 2021, supplies from abroad of parts of boilers for central heating increased by 31% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, boiler parts imports soared to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 42%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of boiler parts imports to New Zealand, with a combined 77% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +39.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) appeared to be the largest boiler parts suppliers to New Zealand, with a combined 74% share of total imports.

The Netherlands, with a CAGR of +32.5%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average boiler parts import price amounted to $X per ton, dropping by -2.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2017 an increase of 53% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :