New Zealand: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in New Zealand

The New Zealand non-electrical lamp market surged to $X in 2021, rising by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a pronounced decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Non-Electrical Lamp Exports

Exports from New Zealand

After two years of decline, overseas shipments of non-electrical lamps and lighting fittings increased by 42% to X units in 2021. In general, exports, however, faced a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 44% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-electrical lamp exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a deep slump. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X units), the United States (X units) and Papua New Guinea (X units) were the main destinations of non-electrical lamp exports from New Zealand, together accounting for 65% of total exports. Samoa, Cook Islands, Tonga, Poland and Fiji lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cook Islands (with a CAGR of +64.6%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Papua New Guinea ($X) were the largest markets for non-electrical lamp exported from New Zealand worldwide, together accounting for 64% of total exports. Samoa, Cook Islands, Tonga, Poland and Fiji lagged somewhat behind, together comprising a further 28%.

Cook Islands, with a CAGR of +84.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electrical lamp export price stood at $X per unit in 2021, picking up by 20% against the previous year. In general, the export price, however, continues to indicate a deep downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Tonga ($X per unit) and Fiji ($X per unit), while the average price for exports to Cook Islands ($X per unit) and Papua New Guinea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electrical Lamp Imports

Imports into New Zealand

After six years of decline, purchases abroad of non-electrical lamps and lighting fittings increased by 19% to X units in 2021. Over the period under review, imports, however, continue to indicate a drastic downturn. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, non-electrical lamp imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-electrical lamp supplier to New Zealand, accounting for a 68% share of total imports. Moreover, non-electrical lamp imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. The third position in this ranking was taken by the Philippines (X units), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.0% per year) and the Philippines (+22.3% per year).

In value terms, China ($X) constituted the largest supplier of non-electrical lamps and lighting fittings to New Zealand, comprising 68% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by the Philippines, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.5% per year) and the Philippines (+27.1% per year).

Import Prices by Country

The average non-electrical lamp import price stood at $X per unit in 2021, growing by 12% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electrical lamp import price increased by +18.5% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per unit) and the Philippines ($X per unit), while the price for China ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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