New Zealand: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in New Zealand

The New Zealand electric filament lamp market expanded significantly to $X in 2021, with an increase of 14% against the previous year. Over the period under review, consumption, however, showed a deep contraction. Electric filament lamp consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Filament Lamp Production in New Zealand

In value terms, electric filament lamp production reached $X in 2021 estimated in export price. Overall, production, however, recorded a deep setback. The growth pace was the most rapid in 2019 when the production volume increased by 131%. Electric filament lamp production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Electric Filament Lamp Exports

Exports from New Zealand

For the third consecutive year, New Zealand recorded decline in overseas shipments of electric filament lamps, which decreased by -3.3% to X units in 2021. In general, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2016 when exports increased by 1,921%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports fell markedly to $X in 2021. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of 88% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for electric filament lamp exports from New Zealand, with a 11% share of total exports. Moreover, electric filament lamp exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X units), ninefold. The third position in this ranking was held by Fiji (X units), with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume to Australia amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (-13.9% per year) and Fiji (-34.6% per year).

In value terms, Australia ($X) remains the key foreign market for electric filament lamps exports from New Zealand, comprising 90% of total exports. The second position in the ranking was held by Fiji ($X), with a 12% share of total exports. It was followed by Samoa, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-20.0% per year) and Samoa (-27.0% per year).

Export Prices by Country

In 2021, the average electric filament lamp export price amounted to $X per unit, which is down by -18.3% against the previous year. Overall, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2015 an increase of 3,782%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Cook Islands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+227.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Filament Lamp Imports

Imports into New Zealand

After four years of decline, purchases abroad of electric filament lamps increased by 80% to X units in 2021. Over the period under review, imports, however, recorded a deep downturn. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, electric filament lamp imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), India (X units) and Poland (X units) were the main suppliers of electric filament lamp imports to New Zealand, with a combined 3.5% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +77.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electric filament lamps to New Zealand, comprising 54% of total imports. The second position in the ranking was held by Germany ($X), with a 7.5% share of total imports. It was followed by Australia, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.6% per year) and Australia (+1.0% per year).

Import Prices by Country

The average electric filament lamp import price stood at $X per unit in 2021, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :