New Zealand - Power Tools - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPower Tool Price in New Zealand - 2023
Contents:
- Power Tool Price in New Zealand (CIF) - 2023
- Power Tool Price in New Zealand (FOB) - 2022
- Power Tool Imports in New Zealand
- Power Tool Exports in New Zealand
Power Tool Price in New Zealand (CIF) - 2023
The average power tool import price stood at $81.0 per unit in September 2023, with an increase of 73% against the previous month. In general, the import price, however, continues to indicate a slight slump. The import price peaked at $95.1 per unit in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Austria ($202 per unit), while the price for Hungary ($28.0 per unit) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.1%), while the prices for the other major suppliers experienced a decline.
Power Tool Price in New Zealand (FOB) - 2022
The average power tool export price stood at $64 per unit in 2022, dropping by -22.6% against the previous year. In general, the export price saw a slight setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14% against the previous year. The export price peaked at $89 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Samoa ($148 per unit), while the average price for exports to Australia ($48 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.
Power Tool Imports in New Zealand
In 2022, overseas purchases of power tools decreased by -20.3% to 1.4M units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of 1.8M units, and then contracted notably in the following year.
In value terms, power tool imports declined to $123M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports attained the peak of $138M, and then fell in the following year.
| Import of Power Tool in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.3 | 68.6 | 104 | 92.9 | 13.6% |
| United States | 6.0 | 5.4 | 6.0 | 7.2 | 6.3% |
| Germany | 2.8 | 5.4 | 4.8 | 3.8 | 10.7% |
| Thailand | 0.1 | 0.5 | 1.0 | 1.8 | 162.1% |
| Hungary | 1.0 | 1.9 | 1.6 | 1.7 | 19.3% |
| Mexico | 0.9 | 0.9 | 1.7 | 1.3 | 13.0% |
| Others | 12.8 | 12.2 | 19.2 | 14.2 | 3.5% |
| Total | 86.9 | 94.8 | 138 | 123 | 12.3% |
Top Suppliers of Power Tool to New Zealand in 2022:
- China (1177.1K units)
- Hungary (37.1K units)
- United States (32.0K units)
- Thailand (28.7K units)
- Mexico (26.4K units)
- Germany (19.6K units)
Power Tool Exports in New Zealand
In 2022, the amount of power tools exported from New Zealand surged to 36K units, increasing by 46% against the previous year. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 121% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, power tool exports expanded notably to $2.3M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 134% against the previous year. As a result, the exports attained the peak of $2.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Power Tool in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 412 | 1,492 | 1,025 | 1,325 | 47.6% |
| Samoa | 137 | 55.3 | 150 | 232 | 19.2% |
| Cook Islands | 181 | 261 | 145 | 138 | -8.6% |
| Fiji | 148 | 96.5 | 103 | 102 | -11.7% |
| China | 16.7 | N/A | 25.5 | 98.7 | 80.8% |
| United States | 11.2 | 64.1 | 80.1 | 94.6 | 103.7% |
| Philippines | 0.3 | N/A | N/A | 58.1 | 478.6% |
| Tonga | 36.5 | 48.6 | 36.5 | 7.5 | -41.0% |
| Hong Kong SAR | N/A | 56.2 | 34.6 | N/A | -38.4% |
| Others | 242 | 700 | 418 | 215 | -3.9% |
| Total | 1,185 | 2,774 | 2,017 | 2,271 | 24.2% |
Top Export Markets for Power Tool from New Zealand in 2022:
- Australia (27.7K units)
- Samoa (1.6K units)
- Cook Islands (1.1K units)
- Philippines (1.0K units)
- Fiji (1.0K units)
- United States (0.9K units)
- China (0.8K units)
- Tonga (0.1K units)
This report provides an in-depth analysis of the power tool market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28241113 - Electromechanical hand drills operated without an external source of power
- Prodcom 28241115 - Electropneumatic drills of all kinds for working in the hand
- Prodcom 28241117 - Electromechanical hand drills of all kinds (excluding those operated without an external source of power, e lectropneumatic)
- Prodcom 28241120 - Electromechanical hand tools operated without an external source of power (excluding drills, saws )
- Prodcom 28241123 - Electromechanical chainsaws
- Prodcom 28241125 - Electromechanical circular saws
- Prodcom 28241127 - Electromechanical handsaws (excluding chainsaws, circular saws)
- Prodcom 28241133 -
- Prodcom 28241135 -
- Prodcom 28241150 - Grinders, sanders and planers, for working in the hand, with self-contained electric motor, operating with an external source of power
- Prodcom 28241180 - Electromechanical hedge trimmers and lawn edge cutters
- Prodcom 28241185 - Electromechanical hand tools, with self-contained electric motor operating with an external source of power (excluding saws, drills, grinders, sanders, planers, hedge trimmers and lawn edge cutters)
- Prodcom 28241190 -
Country coverage:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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