New Zealand: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in New Zealand

After two years of growth, the New Zealand optical radiation instruments market decreased by -21.1% to $X in 2022. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Optical radiation instruments consumption peaked at $X in 2021, and then reduced rapidly in the following year.

Optical Radiation Instruments Exports

Exports from New Zealand

In 2022, shipments abroad of instruments using optical radiations increased by 134% to X units, rising for the seventh year in a row after two years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 182% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, optical radiation instruments exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. 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) was the main destination for optical radiation instruments exports from New Zealand, accounting for a 34% share of total exports. Moreover, optical radiation instruments exports to the United States exceeded the volume sent to the second major destination, Australia (X units), twofold. The third position in this ranking was taken by Malaysia (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+36.3% per year) and Malaysia (+26.4% per year).

In value terms, the United States ($X) remains the key foreign market for instruments using optical radiations exports from New Zealand, comprising 34% of total exports. The second position in the ranking was held by Australia ($X), with a 16% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+26.3% per year) and Malaysia (+33.7% per year).

Export Prices by Country

In 2022, the average optical radiation instruments export price amounted to $X per unit, shrinking by -6% against the previous year. Overall, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to French Polynesia ($X per unit) and Australia ($X per unit), while the average price for exports to Canada ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Optical Radiation Instruments Imports

Imports into New Zealand

Optical radiation instruments imports into New Zealand totaled X units in 2022, surging by 5.6% against 2021. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, optical radiation instruments imports soared to $X in 2022. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) constituted the largest optical radiation instruments supplier to New Zealand, with a 29% share of total imports. Moreover, optical radiation instruments imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. France (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+31.4% per year) and France (+43.2% per year).

In value terms, the United States ($X) constituted the largest supplier of instruments using optical radiations to New Zealand, comprising 29% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by France, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.5% per year) and France (+46.3% per year).

Import Prices by Country

The average optical radiation instruments import price stood at $X per unit in 2022, with an increase of 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per unit) and South Africa ($X per unit), while the price for Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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