New Zealand: Non-Household Fan Market 2024

Non-Household Fan Market Size in New Zealand

In 2022, the New Zealand non-household fan market increased by 19% to $X, rising for the third consecutive year after three years of decline. In general, consumption posted buoyant growth. Non-household fan consumption peaked in 2022 and is likely to continue growth in years to come.

Non-Household Fan Exports

Exports from New Zealand

In 2022, after two years of decline, there was significant growth in shipments abroad of non-household ventilation fans, when their volume increased by 13% to X units. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 248% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-household fan exports soared to $X in 2022. Overall, exports showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 220%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units), France (X units) and the Netherlands (X units) were the main destinations of non-household fan exports from New Zealand, with a combined 68% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +95.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for non-household ventilation fans exports from New Zealand, comprising 47% of total exports. The second position in the ranking was held by France ($X), with a 3.7% share of total exports. It was followed by Canada, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+46.5% per year) and Canada (-9.8% per year).

Export Prices by Country

In 2022, the average non-household fan export price amounted to $X per unit, growing by 39% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the Netherlands ($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 South Africa (+109.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into New Zealand

For the fifth year in a row, New Zealand recorded growth in purchases abroad of non-household ventilation fans, which increased by 25% to X units in 2022. Over the period under review, imports saw a prominent increase. The growth pace was the most rapid in 2021 with an increase of 53%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, non-household fan imports rose rapidly to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +71.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to New Zealand, with a 28% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+19.6% per year) and Germany (-1.3% per year).

In value terms, China ($X), the United States ($X) and Australia ($X) constituted the largest non-household fan suppliers to New Zealand, together accounting for 49% of total imports. Germany, Italy, Thailand, Taiwan (Chinese), Spain, Malaysia, Hong Kong SAR and Singapore lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Thailand, with a CAGR of +17.5%, recorded 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 non-household fan import price stood at $X per unit in 2022, reducing by -10.1% against the previous year. In general, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform