Price for Electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square) in New Zealand - 2023

Contents:

1. Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in New Zealand (CIF) - 2022
2. Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in New Zealand (FOB) - 2022
3. Imports of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in New Zealand
4. Exports of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in New Zealand

Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in New Zealand (CIF) - 2022

In 2022, the average import price for electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s amounted to $1.8 per unit, reducing by -18.1% against the previous year. Overall, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11%. Over the period under review, average import prices reached the peak figure at $4.5 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Australia ($3.6 per unit), while the price for Japan ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in New Zealand (FOB) - 2022

The average export price for electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s stood at $56 per unit in 2022, increasing by 15% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s increased by +99.4% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 46%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($105 per unit), while the average price for exports to Hong Kong SAR ($53 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 Australia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in New Zealand

For the fourth year in a row, New Zealand recorded growth in overseas purchases of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s, which increased by 49% to 1.6M units in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s surged to $2.8M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) to New Zealand in 2022:

1. Japan (1220.8K units)
2. China (290.9K units)
3. Australia (30.4K units)

Exports of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in New Zealand

Exports of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s from New Zealand reduced notably to 3.6K units in 2022, which is down by -17.8% on the year before. Overall, exports continue to indicate a sharp downturn. The smallest decline of -12.8% was in 2021. The exports peaked at 29K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s declined to $198K in 2022. Over the period under review, exports faced a dramatic curtailment. The exports peaked at $999K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) from New Zealand in 2022:

1. Australia (2625.0 units)
2. Hong Kong SAR (800.0 units)
3. Fiji (87.0 units)

Source: IndexBox Market Intelligence Platform