New Zealand: Ecg Market 2025

Ecg Market Size in New Zealand

The New Zealand ECG market surged to $X in 2021, picking up by 55% 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). The market value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ecg Exports

Exports from New Zealand

In 2021, overseas shipments of electro-cardiographs increased by 153% to X units, rising for the fourth consecutive year after four years of decline. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 300% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, ECG exports soared to $X in 2021. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 168%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Fiji (X units) was the main destination for ECG exports from New Zealand, with a 62% share of total exports. Moreover, ECG exports to Fiji exceeded the volume sent to the second major destination, Tonga (X units), twofold. The third position in this ranking was held by Germany (X units), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Fiji stood at +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+63.9% per year) and Germany (+68.2% per year).

In value terms, Tonga ($X), Fiji ($X) and Germany ($X) constituted the largest markets for ECG exported from New Zealand worldwide, with a combined 74% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +100.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Ecg Imports

Imports into New Zealand

In 2021, ecg imports into New Zealand soared to X units, rising by 69% on the previous year. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ECG imports soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.2% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest ECG supplier to New Zealand, with a 40% share of total imports. Moreover, ECG imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Australia (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.4% per year) and Australia (+1.7% per year).

In value terms, the United States ($X) constituted the largest supplier of electro-cardiographs to New Zealand, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Australia, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.5% per year) and Australia (+4.1% per year).

Import Prices by Country

In 2021, the average ECG import price amounted to $X per unit, shrinking by -6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 16%. The import price peaked at $X per unit in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :