New Zealand: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in New Zealand

In 2021, the New Zealand lamp plastic parts market increased by 12% to $X, rising for the fourth year in a row after three years of decline. In general, consumption, however, showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Lamp Plastic Parts Exports

Exports from New Zealand

In 2021, after three years of decline, there was significant growth in shipments abroad of plastic parts for lamps and lighting fittings, when their volume increased by 5.8% to X tons. Overall, exports, however, faced a sharp decrease. The growth pace was the most rapid in 2017 when exports increased by 55% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lamp plastic parts exports surged to $X in 2021. Over the period under review, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 95%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X kg), Palau (X kg) and Fiji (X kg) were the main destinations of lamp plastic parts exports from New Zealand, together comprising 70% of total exports.

From 2012 to 2021, the biggest increases were recorded for Fiji (with a CAGR of +17.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Palau ($X) and Fiji ($X) constituted the largest markets for lamp plastic parts exported from New Zealand worldwide, with a combined 69% share of total exports.

Among the main countries of destination, Fiji, with a CAGR of +18.3%, recorded the highest rates of growth with regard to 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 lamp plastic parts export price stood at $X per ton in 2021, jumping by 21% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 35%. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Singapore ($X per ton) and Romania ($X per ton), while the average price for exports to Australia ($X per ton) and Palau ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+114.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports into New Zealand

In 2021, supplies from abroad of plastic parts for lamps and lighting fittings increased by 1% to X tons, rising for the second year in a row after six years of decline. Overall, imports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 34%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, lamp plastic parts imports expanded significantly to $X in 2021. In general, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 40%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lamp plastic parts to New Zealand, accounting for a 62% share of total imports. Moreover, lamp plastic parts imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by Serbia (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.9% per year) and Serbia (+69.0% per year).

In value terms, China ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to New Zealand, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.2% share of total imports. It was followed by Serbia, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.2% per year) and Serbia (+76.6% per year).

Import Prices by Country

In 2021, the average lamp plastic parts import price amounted to $X per ton, increasing by 14% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp plastic parts import price increased by +123.2% against 2013 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 43%. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Malaysia ($X per ton) and Austria ($X per ton), while the price for China ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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