New Zealand: Circuit Breaker Market 2025

Circuit Breaker Market Size in New Zealand

The New Zealand circuit breaker market declined to $X in 2022, with a decrease of -6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Circuit Breaker Exports

Exports from New Zealand

In 2022, overseas shipments of automatic circuit breakers increased by 5.6% to X units, rising for the second year in a row after five years of decline. Overall, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.7% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 92%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, circuit breaker exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2018 with an increase of 86% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for circuit breaker exports from New Zealand, with a 50% share of total exports. Moreover, circuit breaker exports to Australia exceeded the volume sent to the second major destination, India (X units), fivefold. The third position in this ranking was held by Fiji (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-11.0% per year) and Fiji (+18.5% per year).

In value terms, Australia ($X) remains the key foreign market for automatic circuit breakers exports from New Zealand, comprising 51% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.8% share of total exports. It was followed by South Africa, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Australia stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+49.6% per year) and South Africa (-2.9% per year).

Export Prices by Country

The average circuit breaker export price stood at $X per unit in 2022, with an increase of 53% against the previous year. Overall, the export price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 93%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to India ($X 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 Solomon Islands (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into New Zealand

In 2022, the amount of automatic circuit breakers imported into New Zealand contracted to X units, waning by -11.1% against the year before. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, circuit breaker imports shrank modestly to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

China (X units), Australia (X units) and India (X units) were the main suppliers of circuit breaker imports to New Zealand, together accounting for 62% of total imports. Italy, Germany, Belgium, France, Bulgaria, Thailand, Japan, Indonesia, Sweden and Hungary lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker suppliers to New Zealand were China ($X), Australia ($X) and India ($X), with a combined 56% share of total imports. Italy, Belgium, Germany, France, Sweden, Japan, Bulgaria, Thailand, Indonesia and Hungary lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Italy, with a CAGR of +16.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average circuit breaker import price stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The growth pace was the most rapid in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Sweden ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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