New Zealand: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in New Zealand

The New Zealand textile rubber hose market surged to $X in 2021, picking up by 30% 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). In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Textile Rubber Hose Exports

Exports from New Zealand

Textile rubber hose exports from New Zealand expanded rapidly to X tons in 2021, growing by 9.3% compared with the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 210% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, textile rubber hose exports expanded to $X in 2021. In general, exports, however, showed a noticeable slump. The growth pace was the most rapid in 2017 when exports increased by 280%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for textile rubber hose exports from New Zealand, accounting for a 80% share of total exports. Moreover, textile rubber hose exports to Australia exceeded the volume sent to the second major destination, Fiji (X kg), more than tenfold. The United States (X kg) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-8.6% per year) and the United States (+2.8% per year).

In value terms, Australia ($X) remains the key foreign market for rubber hose reinforced with textiles exports from New Zealand, comprising 80% of total exports. The second position in the ranking was taken by Fiji ($X), with a 5.9% share of total exports. It was followed by the United States, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-8.6% per year) and the United States (-6.6% per year).

Export Prices by Country

In 2021, the average textile rubber hose export price amounted to $X per ton, declining by -5.8% against the previous year. Over the period under review, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 37%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and Fiji ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tonga (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Rubber Hose Imports

Imports into New Zealand

In 2021, textile rubber hose imports into New Zealand skyrocketed to X tons, increasing by 28% against 2020. Overall, imports, however, recorded a noticeable decline. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, textile rubber hose imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Australia (X tons), the United States (X tons) and China (X tons) were the main suppliers of textile rubber hose imports to New Zealand, with a combined 51% share of total imports. Italy, Japan, Germany, Malaysia, Canada, the UK, Thailand, the Philippines and Spain lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and China ($X) constituted the largest textile rubber hose suppliers to New Zealand, with a combined 51% share of total imports. Italy, Japan, Germany, Malaysia, Canada, the UK, Thailand, the Philippines and Spain lagged somewhat behind, together comprising a further 39%.

Thailand, with a CAGR of +41.7%, recorded the highest rates of growth with regard to the value of imports, among 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 textile rubber hose import price stood at $X per ton in 2021, with an increase of 1.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2015 when the average import price increased by 10% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Philippines ($X per ton) and Australia ($X per ton), while the price for Thailand ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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