New Zealand: Suspension System Market 2025

Suspension System Market Size in New Zealand

In 2022, the New Zealand suspension system market decreased by -5.8% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Suspension System Production in New Zealand

In value terms, suspension system production totaled $X in 2022 estimated in export price. In general, production, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Suspension System Exports

Exports from New Zealand

In 2022, overseas shipments of suspension systems increased by 151% to X tons, rising for the second consecutive year after seven years of decline. In general, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 162% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, suspension system exports soared to $X in 2022. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for suspension system exports from New Zealand, with a 70% share of total exports. Moreover, suspension system exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. The third position in this ranking was held by Australia (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +362.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-1.7% per year) and Australia (-7.5% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for suspension systems exports from New Zealand, comprising 70% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total exports. It was followed by Australia, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +366.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+29.5% per year) and Australia (-7.8% per year).

Export Prices by Country

In 2022, the average suspension system export price amounted to $X per ton, jumping by 20% against the previous year. Overall, the export price enjoyed a strong increase. The growth pace was the most rapid in 2017 an increase of 86% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Malaysia ($X per ton), while the average price for exports to Chile ($X per ton) and Nigeria ($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 Fiji (+37.0%), while the prices for the other major destinations experienced more modest paces of growth.

Suspension System Imports

Imports into New Zealand

In 2022, approx. X tons of suspension systems were imported into New Zealand; flattening at 2021. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, suspension system imports reduced slightly to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +35.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

Australia (X tons), China (X tons) and the United States (X tons) were the main suppliers of suspension system imports to New Zealand, together accounting for 54% of total imports. Taiwan (Chinese), Germany, Japan, Thailand, Turkey, Mexico, the UK, Italy and Belgium lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and the United States ($X) were the largest suspension system suppliers to New Zealand, together comprising 54% of total imports. Taiwan (Chinese), Germany, Japan, Thailand, Turkey, Mexico, the UK, Italy and Belgium lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Italy, with a CAGR of +28.7%, recorded the highest growth rate of 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

The average suspension system import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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