New Zealand: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in New Zealand

The New Zealand electric rotary converter market shrank rapidly to $X in 2021, with a decrease of -98% against the previous year. In general, consumption recorded a precipitous shrinkage. Electric rotary converter consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Rotary Converter Production in New Zealand

In value terms, electric rotary converter production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 26% against the previous year. Electric rotary converter production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Electric Rotary Converter Exports

Exports from New Zealand

Electric rotary converter exports from New Zealand surged to X units in 2021, growing by 12,444% compared with the previous year. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric rotary converter exports surged to $X in 2021. In general, exports saw a significant expansion. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for electric rotary converter exports from New Zealand, with a 98% share of total exports. It was followed by Fiji (X units), with a 1.2% share of total exports. The third position in this ranking was held by Australia (X units), with a 0.4% share.

From 2012 to 2021, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+7.1% per year) and Australia (-18.1% per year).

In value terms, the UK ($X) emerged as the key foreign market for electric rotary converters exports from New Zealand, comprising 98% of total exports. The second position in the ranking was held by Fiji ($X), with a 1.3% share of total exports. It was followed by Australia, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-2.5% per year) and Australia (-19.3% per year).

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, picking up by 3.9% against the previous year. In general, the export price saw a tangible increase. The growth pace was the most rapid in 2015 when the average export price increased by 324%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Fiji ($X per unit), while the average price for exports to Australia ($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 (+4.2%), while the prices for the other major destinations experienced a decline.

Electric Rotary Converter Imports

Imports into New Zealand

In 2021, overseas purchases of electric rotary converters decreased by -94.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports saw a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 1,091% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric rotary converter imports skyrocketed to $X in 2021. Overall, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 341% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electric rotary converter supplier to New Zealand, accounting for a 81% share of total imports. Moreover, electric rotary converter imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-12.4% per year) and Australia (-28.4% per year).

In value terms, the UK ($X) constituted the largest supplier of electric rotary converters to New Zealand, comprising 21% of total imports. The second position in the ranking was taken by China ($X), with a 2.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-49.5% per year) and Australia (-21.4% per year).

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, picking up by 2,811% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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