New Zealand: Tap And Valve Market 2024

Tap And Valve Market Size in New Zealand

In 2023, after two years of growth, there was significant decline in the New Zealand tap and valve market, when its value decreased by X% to $X. Overall, the total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Tap and valve consumption peaked at $X in 2022, and then shrank notably in the following year.

Tap And Valve Exports

Exports from New Zealand

In 2023, approx. X tons of taps, cocks, valves and similar appliances were exported from New Zealand; with an increase of X% compared with the previous year. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, tap and valve exports surged to $X in 2023. Over the period under review, total exports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for tap and valve exports from New Zealand, with a X% share of total exports. Moreover, tap and valve exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), threefold. India (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and India (X% per year).

In value terms, the United States ($X) remains the key foreign market for taps, cocks, valves and similar appliances exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and India (X% per year).

Export Prices by Country

The average tap and valve export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price recorded a pronounced expansion. The growth pace was the most rapid in 2022 an increase of X%. The export price peaked in 2023 and is likely to continue growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per ton) and Germany ($X per ton), while the average price for exports to India ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tap And Valve Imports

Imports into New Zealand

In 2023, after two years of growth, there was significant decline in supplies from abroad of taps, cocks, valves and similar appliances, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2022, and then fell notably in the following year.

In value terms, tap and valve imports dropped to $X in 2023. In general, total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then reduced in the following year.

Imports by Country

China (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of tap and valve imports to New Zealand, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tap and valve suppliers to New Zealand were China ($X), the United States ($X) and Australia ($X), together comprising X% of total imports. Germany, Italy, the UK, Japan, Taiwan (Chinese), France, Israel and Denmark lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, 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 tap and valve import price stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Israel ($X per ton) and the UK ($X per ton), while the price for Australia ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform