New Zealand: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in New Zealand

After two years of growth, the New Zealand market for instruments for measuring electrical quantities decreased by -21.9% to $X in 2021. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.8% against 2018 indices. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Production of Instruments for Measuring Electrical Quantities in New Zealand

In value terms, instruments for measuring electrical quantities production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 211%. Instruments for measuring electrical quantities production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from New Zealand

In 2021, overseas shipments of instruments for measuring electrical quantities were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a pronounced contraction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its value 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, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Australia (X units) and Thailand (X units) were the main destinations of instruments for measuring electrical quantities exports from New Zealand, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for instruments for measuring electrical quantities exported from New Zealand were the United States ($X), Australia ($X) and Thailand ($X), together comprising 74% of total exports.

Among the main countries of destination, Thailand, with a CAGR of +33.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for instruments for measuring electrical quantities stood at $X per unit in 2021, growing by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +7.3%. The most prominent rate of growth was recorded in 2013 an increase of 49%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into New Zealand

In 2021, the amount of instruments for measuring electrical quantities imported into New Zealand stood at X units, picking up by 10% against the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports reached $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the UK (X units) constituted the largest instruments for measuring electrical quantities supplier to New Zealand, with a 30% share of total imports. Moreover, instruments for measuring electrical quantities imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the United States (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.6% per year) and the United States (+1.7% per year).

In value terms, the UK ($X), China ($X) and the United States ($X) were the largest instruments for measuring electrical quantities suppliers to New Zealand, with a combined 52% share of total imports. These countries were followed by Australia, Taiwan (Chinese), Germany, Slovenia, Italy, the Czech Republic, Japan, Vietnam, Switzerland and Denmark, which together accounted for a further 33%.

Among the main suppliers, the Czech Republic, with a CAGR of +51.1%, saw the highest growth rate of 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 import price for instruments for measuring electrical quantities stood at $X per unit in 2021, with an increase of 1.9% against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, instruments for measuring electrical quantities import price increased by +46.6% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35%. Over the period under review, average import prices attained the peak figure in 2021 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 2021, the country with the highest price was China ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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