New Zealand: Transmission Shaft Market 2024

Transmission Shaft Market Size in New Zealand

The New Zealand transmission shaft market rose rapidly to $X in 2022, picking up by 11% 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). Overall, consumption showed a buoyant expansion. Transmission shaft consumption peaked in 2022 and is expected to retain growth in the immediate term.

Transmission Shaft Exports

Exports from New Zealand

In 2022, overseas shipments of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 37% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a noticeable reduction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports skyrocketed to $X in 2022. Over the period under review, exports posted a mild increase. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), the United States (X tons) and Germany (X tons) were the main destinations of transmission shaft exports from New Zealand, together accounting for 62% of total exports. The UK, Fiji, India, France, China, New Caledonia, Canada, Indonesia, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +54.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transmission shaft exported from New Zealand were Australia ($X), the United States ($X) and Germany ($X), with a combined 63% share of total exports. India, the UK, China, Indonesia, France, Canada, Fiji, New Caledonia, the Netherlands and Denmark lagged somewhat behind, together comprising a further 26%.

China, with a CAGR of +50.9%, recorded the highest rates of growth with regard to 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

The average transmission shaft export price stood at $X per ton in 2022, dropping by -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2021, and then declined modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into New Zealand

In 2022, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain imported into New Zealand surged to X tons, increasing by 22% against 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +32.0% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, transmission shaft imports rose rapidly to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +26.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of transmission shaft imports to New Zealand, together comprising 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft suppliers to New Zealand were the United States ($X), Japan ($X) and China ($X), together accounting for 47% of total imports. Australia, Italy, Germany, the UK, Canada, France, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 40%.

Taiwan (Chinese), with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 transmission shaft import price stood at $X per ton in 2022, falling by -8.2% against the previous year. Over the period under review, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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