New Zealand: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in New Zealand

In 2022, the New Zealand metal-reinforced rubber hose market increased by 32% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +54.6% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal-Reinforced Rubber Hose Exports

Exports from New Zealand

Metal-reinforced rubber hose exports from New Zealand contracted notably to X tons in 2022, reducing by -48.4% compared with 2021. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 137% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal-reinforced rubber hose exports declined remarkably to $X in 2022. In general, exports showed a deep contraction. The growth pace was the most rapid in 2017 with an increase of 93%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Fiji (X tons), French Polynesia (X tons) and Australia (X tons) were the main destinations of metal-reinforced rubber hose exports from New Zealand, with a combined 90% share of total exports. Tonga lagged somewhat behind, comprising a further 6.5%.

From 2012 to 2022, the biggest increases were recorded for Tonga (with a CAGR of +61.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X), French Polynesia ($X) and Australia ($X) appeared to be the largest markets for metal-reinforced rubber hose exported from New Zealand worldwide, with a combined 89% share of total exports. Tonga lagged somewhat behind, accounting for a further 6.4%.

Tonga, with a CAGR of +47.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, rising by 16% against the previous year. Overall, the export price, however, showed a noticeable setback. The pace of growth was the most pronounced in 2015 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Tonga ($X per ton), while the average price for exports to French Polynesia ($X per ton) and Fiji ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.7%), while the prices for the other major destinations experienced a decline.

Metal-Reinforced Rubber Hose Imports

Imports into New Zealand

In 2022, supplies from abroad of rubber hose reinforced with metal increased by 25% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.4% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 66% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal-reinforced rubber hose imports surged to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; 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

Italy (X tons), China (X tons) and Australia (X tons) were the main suppliers of metal-reinforced rubber hose imports to New Zealand, together accounting for 57% of total imports. The United States, South Korea, Germany, Singapore, Austria, Malaysia, the Czech Republic, India, Turkey and Thailand lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +178.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Australia ($X) were the largest metal-reinforced rubber hose suppliers to New Zealand, with a combined 57% share of total imports. The United States, South Korea, Germany, Singapore, Austria, Malaysia, the Czech Republic, India, Turkey and Thailand lagged somewhat behind, together comprising a further 38%.

The Czech Republic, with a CAGR of +162.2%, saw the highest growth rate of 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

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, picking up by 5.6% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2018 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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