New Zealand: Inductor Market 2024

Inductor Market Size in New Zealand

The New Zealand inductor market rose remarkably to $X in 2022, surging by 15% against the previous year. In general, consumption, however, continues to indicate a significant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Inductor Production in New Zealand

In value terms, inductor production declined to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 556% against the previous year. Inductor production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Inductor Exports

Exports from New Zealand

In 2022, exports of inductors from New Zealand expanded slightly to X units, growing by 2.2% against the year before. In general, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 80% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, inductor exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of 119% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units), India (X units) and France (X units) were the main destinations of inductor exports from New Zealand, together comprising 71% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +110.5%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) emerged as the key foreign market for inductors exports from New Zealand, comprising 38% of total exports. The second position in the ranking was held by Australia ($X), with an 18% share of total exports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa stood at +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-13.1% per year) and India (+134.1% per year).

Export Prices by Country

In 2022, the average inductor export price amounted to $X per unit, rising by 33% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 37% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 China ($X per unit), while the average price for exports to Hong Kong SAR ($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 China (+54.4%), while the prices for the other major destinations experienced more modest paces of growth.

Inductor Imports

Imports into New Zealand

For the fourth year in a row, New Zealand recorded growth in purchases abroad of inductors, which increased by 4% to X units in 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, inductor imports contracted to $X in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +36.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 40% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of inductor to New Zealand, with a 54% share of total imports. Moreover, inductor imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. The third position in this ranking was held by Australia (X units), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+74.7% per year) and Australia (+13.5% per year).

In value terms, China ($X) constituted the largest supplier of inductors to New Zealand, comprising 65% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 7% share of total imports. It was followed by Australia, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+17.9% per year) and Australia (+9.1% per year).

Import Prices by Country

The average inductor import price stood at $X per unit in 2022, dropping by -14.7% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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