New Zealand: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in New Zealand

The New Zealand prefabricated buildings market rose rapidly to $X in 2022, surging by 7.8% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Prefabricated Buildings Production in New Zealand

In value terms, prefabricated buildings production rose to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.4% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 80%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Prefabricated Buildings Exports

Exports from New Zealand

In 2022, overseas shipments of prefabricated buildings increased by 6.6% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 104%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, prefabricated buildings exports surged to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 60%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia (X units) was the main destination for prefabricated buildings exports from New Zealand, with a 45% share of total exports. Moreover, prefabricated buildings exports to Australia exceeded the volume sent to the second major destination, the United States (X units), twofold. Tuvalu (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.3% per year) and Tuvalu (+19.5% per year).

In value terms, Australia ($X) remains the key foreign market for prefabricated buildings exports from New Zealand, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 23% share of total exports. It was followed by Tuvalu, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+19.3% per year) and Tuvalu (+18.8% per year).

Export Prices by Country

In 2022, the average prefabricated buildings export price amounted to $X per unit, surging by 16% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prefabricated buildings export price increased by +36.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guam ($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 Papua New Guinea (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into New Zealand

Prefabricated buildings imports into New Zealand surged to X units in 2022, growing by 22% compared with the previous year's figure. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 68% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, prefabricated buildings imports surged to $X in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of prefabricated buildings to New Zealand, with a 49% share of total imports. Moreover, prefabricated buildings imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was held by Estonia (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+102.8% per year) and Estonia (+49.3% per year).

In value terms, China ($X) constituted the largest supplier of prefabricated buildings to New Zealand, comprising 50% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 19% share of total imports. It was followed by the United States, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+121.5% per year) and the United States (+19.6% per year).

Import Prices by Country

The average prefabricated buildings import price stood at $X per unit in 2022, rising by 13% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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