New Zealand: Safety Headgear Market 2024

Safety Headgear Market Size in New Zealand

The New Zealand safety headgear market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded a tangible expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Safety Headgear Production in New Zealand

In value terms, safety headgear production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 125% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Safety Headgear Exports

Exports from New Zealand

In 2021, overseas shipments of safety headgear were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2018 when exports increased by 64% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, safety headgear exports skyrocketed to $X in 2021. Overall, exports posted a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X units) was the main destination for safety headgear exports from New Zealand, with a 53% share of total exports. Moreover, safety headgear exports to Australia exceeded the volume sent to the second major destination, the United States (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.5% per year) and the UK (-9.7% per year).

In value terms, Australia ($X) remains the key foreign market for safety headgear exports from New Zealand, comprising 56% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.9% per year) and the UK (-0.1% per year).

Export Prices by Country

The average safety headgear export price stood at $X per unit in 2021, jumping by 33% against the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, safety headgear export price increased by +109.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per unit), while the average price for exports to Fiji ($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 Australia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Headgear Imports

Imports into New Zealand

In 2021, safety headgear imports into New Zealand surged to X units, growing by 27% on 2020 figures. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2015 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, safety headgear imports soared to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.4% 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 units) constituted the largest safety headgear supplier to New Zealand, accounting for a 68% share of total imports. Moreover, safety headgear imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. Australia (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+21.9% per year) and Australia (-1.7% per year).

In value terms, China ($X) constituted the largest supplier of safety headgear to New Zealand, comprising 60% of total imports. The second position in the ranking was held by Australia ($X), with a 6.9% share of total imports. It was followed by Taiwan (Chinese), with a 2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+5.9% per year) and Taiwan (Chinese) (+0.9% per year).

Import Prices by Country

The average safety headgear import price stood at $X per unit in 2021, with an increase of 19% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 39%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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