New Zealand: Hvac Equipment Market 2024

Hvac Equipment Market Size in New Zealand

The New Zealand HVAC equipment market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption, however, continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Hvac Equipment Production in New Zealand

In value terms, HVAC equipment production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Hvac Equipment Exports

Exports from New Zealand

In 2022, after three years of decline, there was significant growth in overseas shipments of HVAC equipment, when their volume increased by X% to X units. Overall, exports showed strong growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, HVAC equipment exports expanded rapidly to $X in 2022. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for HVAC equipment exports from New Zealand, with a X% share of total exports. Moreover, HVAC equipment exports to Australia exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Chile (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hvac Equipment Imports

Imports into New Zealand

In 2022, hvac equipment imports into New Zealand reduced to X units, with a decrease of X% on 2021. The total import volume increased at an average annual rate of X% 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 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, HVAC equipment imports fell to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of HVAC equipment to New Zealand, accounting for a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. The third position in this ranking was taken by Australia (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of HVAC equipment to New Zealand, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average HVAC equipment import price amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform