New Zealand: Refrigerator Or Freezer Market 2024

Refrigerator Or Freezer Market Size in New Zealand

The New Zealand refrigerator or freezer market skyrocketed to $X in 2022, picking up by 627% against the previous year. In general, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Refrigerator Or Freezer Production in New Zealand

In value terms, refrigerator or freezer production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 987% against the previous year. Refrigerator or freezer production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Refrigerator Or Freezer Exports

Exports from New Zealand

In 2022, approx. X units of furniture designed to receive refrigerating or freezing equipment were exported from New Zealand; with an increase of 631% compared with the year before. Overall, exports, however, saw a deep downturn. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, refrigerator or freezer exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Fiji (X units) was the main destination for refrigerator or freezer exports from New Zealand, with a 82% share of total exports. Moreover, refrigerator or freezer exports to Fiji exceeded the volume sent to the second major destination, China (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Fiji totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.8% per year) and Japan (+1,119.6% per year).

In value terms, Fiji ($X) emerged as the key foreign market for furniture designed to receive refrigerating or freezing equipment exports from New Zealand, comprising 82% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Fiji totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.5% per year) and Japan (+1,344.0% per year).

Export Prices by Country

The average refrigerator or freezer export price stood at $X per unit in 2022, growing by 4.9% against the previous year. Overall, the export price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to China ($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 Japan (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Or Freezer Imports

Imports into New Zealand

In 2022, imports of furniture designed to receive refrigerating or freezing equipment into New Zealand skyrocketed to X units, jumping by 137% compared with the previous year's figure. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,591%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, refrigerator or freezer imports surged to $X in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 2,189% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest refrigerator or freezer supplier to New Zealand, with a 89% share of total imports. Moreover, refrigerator or freezer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +67.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+40.6% per year) and Thailand (+125.3% per year).

In value terms, China ($X) constituted the largest supplier of furniture designed to receive refrigerating or freezing equipment to New Zealand, comprising 89% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.6% share of total imports. It was followed by Thailand, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +78.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+39.3% per year) and Thailand (+130.3% per year).

Import Prices by Country

The average refrigerator or freezer import price stood at $X per unit in 2022, increasing by 8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2014 when the average import price increased by 39%. The import price peaked 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 countries with the highest prices were Malaysia ($X per unit) and Australia ($X per unit), while the price for China ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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