New Zealand: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in New Zealand

After two years of decline, the New Zealand market for plastic hoses and hose fittings increased by 44% to $X in 2021. Overall, consumption, however, showed a slight decline. Plastic hose and hose fitting consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from New Zealand

In 2021, overseas shipments of plastic hoses and hose fittings were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Over the period under review, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for plastic hose and hose fitting exports from New Zealand, accounting for a 48% share of total exports. Moreover, plastic hose and hose fitting exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Thailand (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.1% per year) and Thailand (+4.3% per year).

In value terms, the largest markets for plastic hose and hose fitting exported from New Zealand were the United States ($X), Australia ($X) and Thailand ($X), together accounting for 67% of total exports. These countries were followed by Fiji, Mexico, China, Sri Lanka, Samoa, Cook Islands, Japan, Papua New Guinea and South Korea, which together accounted for a further 17%.

Mexico, with a CAGR of +83.2%, 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 more modest paces of growth.

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 52% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Papua New Guinea ($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 Mexico (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into New Zealand

In 2021, after six years of decline, there was significant growth in overseas purchases of plastic hoses and hose fittings, when their volume increased by 45% to X tons. Overall, imports, however, saw a perceptible contraction. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic hose and hose fitting to New Zealand, with a 53% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-8.0% per year) and Italy (+4.1% per year).

In value terms, China ($X) constituted the largest supplier of plastic hoses and hose fittings to New Zealand, comprising 37% of total imports. The second position in the ranking was taken by Australia ($X), with a 13% share of total imports. It was followed by the United States, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-6.7% per year) and the United States (-2.5% per year).

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, growing by 2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.5% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain 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 Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :