New Zealand: Electrical Insulator Market 2024

Electrical Insulator Market Size in New Zealand

In 2022, the New Zealand electrical insulator market decreased by -20% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption saw a pronounced slump. Electrical insulator consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Electrical Insulator Exports

Exports from New Zealand

After three years of decline, overseas shipments of electrical insulators increased by 44% to X units in 2022. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, electrical insulator exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electrical insulator exports from New Zealand, accounting for a 25% share of total exports. Moreover, electrical insulator exports to the United States exceeded the volume sent to the second major destination, Canada (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+18.6% per year) and the Netherlands (+14.9% per year).

In value terms, Australia ($X) remains the key foreign market for electrical insulators exports from New Zealand, comprising 52% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Canada, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.2% per year) and Canada (+6.3% per year).

Export Prices by Country

In 2022, the average electrical insulator export price amounted to $X per unit, growing by 5.7% against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to American Samoa ($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 Samoa (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulator Imports

Imports into New Zealand

Electrical insulator imports into New Zealand contracted significantly to X units in 2022, waning by -42.5% against the year before. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 65%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical insulator imports reduced slightly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 51%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and Japan (X units) were the main suppliers of electrical insulator imports to New Zealand, together accounting for 66% of total imports. Australia, India, South Korea, the Czech Republic, Poland, Malaysia, Switzerland, the Netherlands, Canada and the United States lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +74.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical insulator suppliers to New Zealand were China ($X), Thailand ($X) and the United States ($X), together comprising 60% of total imports. Japan, Canada, Australia, India, South Korea, the Czech Republic, Malaysia, Switzerland, the Netherlands and Poland lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, the Netherlands, with a CAGR of +90.8%, 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 electrical insulator import price stood at $X per unit in 2022, picking up by 66% against the previous year. Overall, the import price enjoyed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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