New Zealand: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in New Zealand

In 2022, the New Zealand non-electric pulley tackle market increased by 23% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, enjoyed a prominent expansion. Non-electric pulley tackle consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Non-Electric Pulley Tackle Production in New Zealand

In value terms, non-electric pulley tackle production shrank dramatically to $X in 2022 estimated in export price. Overall, production recorded a noticeable setback. The growth pace was the most rapid in 2021 when the production volume increased by 112%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Non-Electric Pulley Tackle Exports

Exports from New Zealand

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor exported from New Zealand skyrocketed to X units, picking up by 149% compared with the year before. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 2,161%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-electric pulley tackle exports surged to $X in 2022. In general, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 1,438% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-electric pulley tackle exports from New Zealand, accounting for a 67% share of total exports. Moreover, non-electric pulley tackle exports to the United States exceeded the volume sent to the second major destination, Australia (X units), threefold. The third position in this ranking was held by Tonga (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-21.9% per year) and Tonga (+42.5% per year).

In value terms, the largest markets for non-electric pulley tackle exported from New Zealand were the United States ($X), Australia ($X) and Tonga ($X), together accounting for 86% of total exports.

Tonga, with a CAGR of +46.7%, recorded the highest growth rate of the value of exports, in terms of 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 non-electric pulley tackle export price stood at $X per unit in 2022, reducing by -44.8% against the previous year. Over the period under review, the export price recorded a perceptible slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Fiji ($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 Tonga (+3.0%), while the prices for the other major destinations experienced a decline.

Non-Electric Pulley Tackle Imports

Imports into New Zealand

For the third year in a row, New Zealand recorded growth in overseas purchases of pulley tackle and hoists, non-powered by electric motor, which increased by 13% to X units in 2022. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 53% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric pulley tackle imports surged to $X in 2022. In general, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest non-electric pulley tackle supplier to New Zealand, accounting for a 83% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), tenfold. The United States (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+12.3% per year) and the United States (+13.6% per year).

In value terms, China ($X) constituted the largest supplier of pulley tackle and hoists, non-powered by electric motor to New Zealand, comprising 27% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Australia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.3% per year) and Australia (+22.0% per year).

Import Prices by Country

In 2022, the average non-electric pulley tackle import price amounted to $X per unit, rising by 71% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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