New Zealand: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in New Zealand

The New Zealand pneumatic linear acting actuator market dropped to $X in 2022, which is down by -14.3% 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). Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from New Zealand

In 2022, exports of pneumatic linear acting actuators from New Zealand surged to X units, picking up by 458% compared with the year before. Over the period under review, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for pneumatic linear acting actuator exports from New Zealand, accounting for a 72% share of total exports. Moreover, pneumatic linear acting actuator exports to the United States exceeded the volume sent to the second major destination, Australia (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+26.2% per year) and Indonesia (+50.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for pneumatic linear acting actuators exports from New Zealand, comprising 72% of total exports. The second position in the ranking was held by Australia ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+21.9% per year) and Indonesia (+27.8% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, falling by -12% against the previous year. Over the period under review, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 680% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Indonesia ($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 Italy (+23.5%), while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Linear Acting Actuators

Imports into New Zealand

Pneumatic linear acting actuator imports into New Zealand reduced slightly to X units in 2022, remaining constant against 2021 figures. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 109%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 35%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the United States (X units) and China (X units) were the main suppliers of pneumatic linear acting actuator imports to New Zealand, together comprising 52% of total imports. Italy, Australia, the UK, Canada, Japan, France, Hungary and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +34.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator suppliers to New Zealand were Germany ($X), the United States ($X) and China ($X), together comprising 52% of total imports. Italy, Australia, the UK, Canada, Japan, France, Hungary and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Hungary, with a CAGR of +22.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, reducing by -2.1% against the previous year. Over the period under review, the import price saw a abrupt decrease. The growth pace was the most rapid in 2013 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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