New Zealand: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in New Zealand

For the third consecutive year, the New Zealand electrical signalling apparatus market recorded decline in sales value, which decreased by -74.8% to $X in 2022. Overall, consumption saw a abrupt downturn. Electrical signalling apparatus consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports from New Zealand

In 2022, overseas shipments of electrical apparatus for sound or visual signalling increased by 104% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 271%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, electrical signalling apparatus exports surged to $X in 2022. In general, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X units), the UK (X units) and the United States (X units) were the main destinations of electrical signalling apparatus exports from New Zealand, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +80.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the UK ($X) and the United States ($X) appeared to be the largest markets for electrical signalling apparatus exported from New Zealand worldwide, with a combined 94% share of total exports.

The UK, with a CAGR of +67.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, growing by 31% against the previous year. In general, the export price, however, showed a noticeable reduction. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia ($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 Australia (-5.6%), while the prices for the other major destinations experienced a decline.

Electrical Signalling Apparatus Imports

Imports into New Zealand

For the fourth consecutive year, New Zealand recorded growth in supplies from abroad of electrical apparatus for sound or visual signalling, which increased by 0.2% to X units in 2022. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; 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 37%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, electrical signalling apparatus imports expanded significantly to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +39.8% against 2017 indices. The growth pace was the most rapid in 2021 when imports increased by 31%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical signalling apparatus to New Zealand, accounting for a 52% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Australia (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.2% per year) and Australia (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to New Zealand, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Australia, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.0% per year) and Australia (-2.5% per year).

Import Prices by Country

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, surging by 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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