New Zealand: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2025

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in New Zealand

In 2021, the New Zealand market for electrical boards, panels, consoles, desks and cabinets increased by 7.6% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in New Zealand

In value terms, electric board, desk and panel production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37%. Electric board, desk and panel production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports from New Zealand

In 2021, shipments abroad of electrical boards, panels, consoles, desks and cabinets was finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed a moderate expansion. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric board, desk and panel exports soared to $X in 2021. In general, exports, however, saw a abrupt descent. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for electric board, desk and panel exports from New Zealand, with a 67% share of total exports. Moreover, electric board, desk and panel exports to Australia exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Japan (X units), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+63.0% per year) and Japan (+79.2% per year).

In value terms, Australia ($X) remains the key foreign market for electrical boards, panels, consoles, desks and cabinets exports from New Zealand, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Japan, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+18.8% per year) and Japan (+46.0% per year).

Export Prices by Country

The average export price for electrical boards, panels, consoles, desks and cabinets stood at $X per unit in 2021, which is down by -5.4% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 40% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and the United States ($X per unit), while the average price for exports to Japan ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-7.5%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports into New Zealand

In 2021, electric board, desk and panel imports into New Zealand skyrocketed to X units, increasing by 28% on the previous year. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 53% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, electric board, desk and panel imports surged to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Denmark (X units) were the main suppliers of electric board, desk and panel imports to New Zealand, with a combined 49% share of total imports. These countries were followed by Malaysia, South Korea, France, Italy, Australia, India, Turkey, Romania, Thailand and the United States, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +181.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Denmark ($X) were the largest electric board, desk and panel suppliers to New Zealand, with a combined 49% share of total imports. These countries were followed by Malaysia, South Korea, France, Italy, Australia, India, Turkey, Romania, Thailand and the United States, which together accounted for a further 40%.

Turkey, with a CAGR of +150.4%, saw the highest growth rate of 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

In 2021, the average import price for electrical boards, panels, consoles, desks and cabinets amounted to $X per unit, increasing by 6.8% against the previous year. Over the period under review, the import price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Romania ($X per unit) and Australia ($X per unit), while the price for France ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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