New Zealand: Pressure-Reducing Iron Valve Market 2025

Pressure-Reducing Iron Valve Market Size in New Zealand

After four years of decline, the New Zealand pressure-reducing iron valve market increased by 1,292% to $X in 2022. Over the period under review, consumption, however, saw a abrupt descent. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from New Zealand

After four years of growth, shipments abroad of pressure-reducing, control, check and safety valves decreased by -36.8% to X units in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of 203% against the previous year. The exports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, pressure-reducing iron valve exports fell sharply to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 192% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined markedly in the following year.

Exports by Country

Australia (X units) was the main destination for pressure-reducing iron valve exports from New Zealand, with a 59% share of total exports. Moreover, pressure-reducing iron valve exports to Australia exceeded the volume sent to the second major destination, India (X units), fourfold. Bangladesh (X units) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+83.1% per year) and Bangladesh (0.0% per year).

In value terms, Australia ($X) remains the key foreign market for pressure-reducing, control, check and safety valves exports from New Zealand, comprising 59% of total exports. The second position in the ranking was taken by India ($X), with a 15% share of total exports. It was followed by Bangladesh, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+85.8% per year) and Bangladesh (0.0% per year).

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, rising by 8.4% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per unit) and the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Samoa (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into New Zealand

Pressure-reducing iron valve imports into New Zealand totaled X units in 2022, leveling off at the year before. Over the period under review, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports rose modestly to $X in 2022. Overall, imports saw mild growth. The pace of growth appeared the most rapid in 2017 when imports increased by 59%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of pressure-reducing iron valve imports to New Zealand, together comprising 38% of total imports. The United States, Israel, Japan, Australia, the UK, Poland, Taiwan (Chinese), France, Hungary and Denmark lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +106.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest pressure-reducing iron valve suppliers to New Zealand, together accounting for 38% of total imports. The United States, Israel, Japan, Australia, the UK, Poland, Taiwan (Chinese), France, Hungary and Denmark lagged somewhat behind, together accounting for a further 53%.

Among the main suppliers, Poland, with a CAGR of +115.0%, 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

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, growing by 2.7% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pressure-reducing iron valve import price increased by +23.0% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 45% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform