Seals; Mechanical Price in New Zealand - 2023

Seals; Mechanical Price in New Zealand (CIF) - 2022

The average seals; mechanical import price stood at $6.5 per unit in 2022, reducing by -3.6% against the previous year. Over the period under review, the import price showed a mild descent. The pace of growth appeared the most rapid in 2013 an increase of 16% against the previous year. As a result, import price attained the peak level of $8.7 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($6.5 per unit) and the United States ($6.5 per unit), while the price for France ($6.5 per unit) and Italy ($6.5 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in New Zealand (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $9.7 per unit, rising by 11% against the previous year. In general, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. The export price peaked at $19 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($9.7 per unit) and Australia ($9.7 per unit), while the average price for exports to the United Arab Emirates ($9.7 per unit) and Malaysia ($9.7 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Seals; Mechanical Imports in New Zealand

In 2022, purchases abroad of seals; mechanicals decreased by -22.3% to 1.4M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2020 when imports increased by 14%. Imports peaked at 1.8M units in 2021, and then fell dramatically in the following year.

In value terms, seals; mechanical imports shrank sharply to $8.9M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at $12M in 2021, and then contracted remarkably in the following year.

Import of Seals; Mechanical in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4,219	4,362	4,393	3,623	-4.9%
China	841	1,422	2,487	1,987	33.2%
Germany	765	1,073	779	959	7.8%
Australia	901	500	687	379	-25.1%
Italy	327	311	216	273	-5.8%
Japan	424	483	830	235	-17.9%
United Kingdom	261	296	320	199	-8.6%
France	395	219	360	166	-25.1%
India	82.6	267	494	142	19.8%
South Korea	170	784	316	88.8	-19.5%
Others	697	1,093	967	819	5.5%
Total	9,083	10,810	11,849	8,871	-0.8%

Top Suppliers of Seals; Mechanical to New Zealand in 2022:

United States (560.7K units)
China (307.5K units)
Germany (148.4K units)
Australia (58.6K units)
Italy (42.2K units)
Japan (36.3K units)
United Kingdom (30.8K units)
France (25.7K units)
India (22.0K units)
South Korea (13.7K units)

Seals; Mechanical Exports in New Zealand

Seals; mechanical exports from New Zealand surged to 446K units in 2022, with an increase of 71% on the previous year. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports skyrocketed to $4.3M in 2022. Over the period under review, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Seals; Mechanical in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	1,660	1,630	1,483	2,150	9.0%
United States	103	160	91.2	579	77.8%
Malaysia	26.5	13.2	33.7	364	139.5%
Thailand	5.7	1.9	5.9	161	204.5%
Fiji	59.5	82.0	47.9	157	38.2%
United Arab Emirates	131	75.1	183	124	-1.8%
Taiwan (Chinese)	60.1	71.7	21.7	94.1	16.1%
Italy	31.4	29.2	72.4	75.9	34.2%
Sweden	40.4	61.5	45.0	72.6	21.6%
Vietnam	11.5	1.3	18.6	69.9	82.5%
Indonesia	113	69.4	54.3	54.3	-21.7%
Others	348	216	230	428	7.1%
Total	2,590	2,412	2,287	4,329	18.7%