New Zealand: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in New Zealand

In 2021, the New Zealand safes and strongboxes market increased by 71% to $X for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Safes And Strongboxes Exports

Exports from New Zealand

In 2021, the amount of safes, strongboxes and doors of base metal exported from New Zealand dropped to X tons, which is down by -6.7% against 2020. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 107% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, safes and strongboxes exports declined markedly to $X in 2021. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 59%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kiribati (X tons), Australia (X tons) and Tonga (X tons) were the main destinations of safes and strongboxes exports from New Zealand, together accounting for 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for Kiribati (with a CAGR of +82.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Kiribati ($X) and the United States ($X) constituted the largest markets for safes and strongboxes exported from New Zealand worldwide, together comprising 60% of total exports.

Kiribati, with a CAGR of +82.6%, recorded the highest growth rate of the value of exports, among 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

In 2021, the average safes and strongboxes export price amounted to $X per ton, waning by -10.1% against the previous year. Over the period under review, the export price recorded a pronounced setback. The growth pace was the most rapid in 2015 an increase of 125%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the average price for exports to Kiribati ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+366.1%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into New Zealand

In 2021, overseas purchases of safes, strongboxes and doors of base metal increased by 43% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, safes and strongboxes imports surged to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of safes and strongboxes to New Zealand, accounting for a 67% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. Australia (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+9.3% per year) and Australia (-6.5% per year).

In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to New Zealand, comprising 65% of total imports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total imports. It was followed by Australia, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+4.3% per year) and Australia (-3.8% per year).

Import Prices by Country

In 2021, the average safes and strongboxes import price amounted to $X per ton, growing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained 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, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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