New Zealand: Pump For Liquid Market 2024

Pump For Liquid Market Size in New Zealand

The New Zealand pump for liquid market was estimated at $X in 2021, picking up by 4.1% 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 strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +63.0% against 2015 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Pump For Liquid Exports

Exports from New Zealand

In 2021, approx. X units of pumps for liquids and liquid elevators were exported from New Zealand; increasing by 47% on 2020. Overall, exports enjoyed a strong increase. The growth pace was the most rapid in 2020 with an increase of 169% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, pump for liquid exports skyrocketed to $X in 2021. Over the period under review, exports showed mild growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X units), the UK (X units) and the United States (X units) were the main destinations of pump for liquid exports from New Zealand, together accounting for 78% of total exports. These countries were followed by Thailand, Japan, Fiji and Cook Islands, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +52.5%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from New Zealand, comprising 56% of total exports. The second position in the ranking was taken by Fiji ($X), with a 6.3% share of total exports. It was followed by the United States, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-0.9% per year) and the United States (-4.3% per year).

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, increasing by 36% against the previous year. Overall, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 54% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Pump For Liquid Imports

Imports into New Zealand

In 2021, purchases abroad of pumps for liquids and liquid elevators decreased by -17.2% to X units for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 44% against the previous year. Imports peaked at X units in 2020, and then dropped dramatically in the following year.

In value terms, pump for liquid imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of pump for liquid to New Zealand, accounting for a 44% share of total imports. Moreover, pump for liquid imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.7% per year) and Germany (+48.7% per year).

In value terms, the largest pump for liquid suppliers to New Zealand were the United States ($X), China ($X) and Italy ($X), with a combined 47% share of total imports.

China, with a CAGR of +9.4%, recorded the highest rates of growth with regard to 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 pump for liquid import price amounted to $X per unit, jumping by 52% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+92.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform