New Zealand: Winche And Capstan Market 2024

Winche And Capstan Market Size in New Zealand

In 2021, the New Zealand winche and capstan market increased by 2% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +6.0% against 2019 indices. Winche and capstan consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Winche And Capstan Production in New Zealand

In value terms, winche and capstan production reduced notably to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 237%. Winche and capstan production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Winche And Capstan Exports

Exports from New Zealand

In 2021, approx. X units of winches and capstans were exported from New Zealand; with an increase of 213% on 2020 figures. In general, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, winche and capstan exports surged to $X in 2021. Over the period under review, exports continue to indicate a strong expansion. 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 winche and capstan exports from New Zealand, with a 53% share of total exports. Moreover, winche and capstan exports to Australia exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was held by Canada (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+88.9% per year) and Canada (+51.1% per year).

In value terms, Australia ($X), the United States ($X) and Chile ($X) appeared to be the largest markets for winche and capstan exported from New Zealand worldwide, with a combined 60% share of total exports. The Netherlands, Canada, Germany, Taiwan (Chinese), Panama, Singapore, the UK and Indonesia lagged somewhat behind, together accounting for a further 28%.

In terms of the main countries of destination, Panama, with a CAGR of +152.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average winche and capstan export price stood at $X per unit in 2021, with an increase of 51% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per unit in 2016; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to the UK ($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 Panama (+48.8%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into New Zealand

After two years of decline, overseas purchases of winches and capstans increased by 63% to X units in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, winche and capstan imports soared to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 31%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest winche and capstan supplier to New Zealand, accounting for a 74% share of total imports. Moreover, winche and capstan imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), tenfold. Australia (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.4% per year) and Australia (+1.1% per year).

In value terms, China ($X), Australia ($X) and the United States ($X) appeared to be the largest winche and capstan suppliers to New Zealand, with a combined 48% share of total imports. These countries were followed by Italy, Taiwan (Chinese), the UK and Brazil, which together accounted for a further 16%.

Brazil, with a CAGR of +78.3%, recorded the highest growth rate of the value of imports, among 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 winche and capstan import price stood at $X per unit in 2021, dropping by -22.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 53%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($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 (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :