New Zealand: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in New Zealand

In 2021, the New Zealand radio navigation apparatus market decreased by -39.7% to $X, falling for the third consecutive year after three years of growth. Overall, consumption faced a abrupt setback. Radio navigation apparatus consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Radio Navigation Apparatus Exports

Exports from New Zealand

Radio navigation apparatus exports from New Zealand surged to X tons in 2021, picking up by 82% against the previous year. Overall, exports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2017 with an increase of 92% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, radio navigation apparatus exports soared to $X in 2021. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 87%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Australia (X tons) was the main destination for radio navigation apparatus exports from New Zealand, with a 53% share of total exports. Moreover, radio navigation apparatus exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), sixfold. The third position in this ranking was taken by Japan (X tons), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.4% per year) and Japan (-18.6% per year).

In value terms, the largest markets for radio navigation apparatus exported from New Zealand were Australia ($X), the United States ($X) and the UK ($X), together comprising 74% of total exports. Canada, France, the Netherlands, Japan, Spain, Denmark, Kenya and Cook Islands lagged somewhat behind, together accounting for a further 9.4%.

Among the main countries of destination, Spain, with a CAGR of +46.3%, saw the highest growth rate of 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 radio navigation apparatus export price stood at $X per ton in 2021, dropping by -13.2% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, radio navigation apparatus export price decreased by -19.5% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 64%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Navigation Apparatus Imports

Imports into New Zealand

In 2021, overseas purchases of radio navigational aid apparatus decreased by -6.5% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 14%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, radio navigation apparatus imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest radio navigation apparatus supplier to New Zealand, accounting for a 32% share of total imports. Moreover, radio navigation apparatus imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Switzerland (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-20.7% per year) and Switzerland (+118.5% per year).

In value terms, the largest radio navigation apparatus suppliers to New Zealand were the United States ($X), Taiwan (Chinese) ($X) and Australia ($X), with a combined 49% share of total imports. These countries were followed by China, Switzerland, Israel, Mexico, the UK, South Korea, Japan, South Africa, Germany and Canada, which together accounted for a further 38%.

In terms of the main suppliers, Switzerland, with a CAGR of +102.5%, 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

In 2021, the average radio navigation apparatus import price amounted to $X per ton, picking up by 49% against the previous year. In general, the import price showed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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