New Zealand: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in New Zealand

The New Zealand spherical roller bearing market surged to $X in 2021, picking up by 29% 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). Over the period under review, consumption recorded a relatively flat trend pattern. Spherical roller bearing consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Spherical Roller Bearing Exports

Exports from New Zealand

In 2021, approx. X tons of spherical roller bearings were exported from New Zealand; with an increase of 60% against 2020. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 168%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, spherical roller bearing exports surged to $X in 2021. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 122% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Australia (X tons) was the main destination for spherical roller bearing exports from New Zealand, with a 42% share of total exports. Moreover, spherical roller bearing exports to Australia exceeded the volume sent to the second major destination, the Czech Republic (X kg), threefold. Sweden (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+65.2% per year) and Sweden (+2.9% per year).

In value terms, Australia ($X) remains the key foreign market for spherical roller bearings exports from New Zealand, comprising 38% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total exports. It was followed by French Polynesia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+68.4% per year) and French Polynesia (+41.0% per year).

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, shrinking by -8.3% against the previous year. Overall, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 Samoa ($X per ton), while the average price for exports to Germany ($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 Samoa (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into New Zealand

In 2021, the amount of spherical roller bearings imported into New Zealand soared to X tons, rising by 27% on 2020. In general, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.1% against 2019 indices. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, spherical roller bearing imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Japan (X tons) and China (X tons) were the main suppliers of spherical roller bearing imports to New Zealand, with a combined 51% share of total imports. Sweden, Italy, the United States, Australia and the UK lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +45.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing suppliers to New Zealand were Germany ($X), Japan ($X) and China ($X), together accounting for 51% of total imports. These countries were followed by Sweden, Italy, the United States, Australia and the UK, which together accounted for a further 33%.

In terms of the main suppliers, Italy, with a CAGR of +31.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average spherical roller bearing import price amounted to $X per ton, picking up by 3.5% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 an increase of 3.6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the price for the UK ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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