New Zealand: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in New Zealand

The New Zealand refrigerated show-cases market declined remarkably to $X in 2022, dropping by -16.2% 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, showed a significant expansion. Refrigerated show-cases consumption peaked at $X in 2021, and then shrank markedly in the following year.

Refrigerated Show-Cases Exports

Exports from New Zealand

In 2022, shipments abroad of refrigerated show-caseses increased by 57% to X units for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, saw a abrupt contraction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, refrigerated show-cases exports surged to $X in 2022. Over the period under review, exports, however, saw a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for refrigerated show-cases exports from New Zealand, with a 82% share of total exports. Moreover, refrigerated show-cases exports to Australia exceeded the volume sent to the second major destination, Fiji (X units), more than tenfold. Cook Islands (X units) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+12.9% per year) and Cook Islands (+20.9% per year).

In value terms, Australia ($X) remains the key foreign market for refrigerated show-caseses exports from New Zealand, comprising 84% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 5.2% share of total exports. It was followed by Fiji, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+99.0% per year) and Fiji (+4.6% per year).

Export Prices by Country

The average refrigerated show-cases export price stood at $X per unit in 2022, which is down by -12.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 36%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Cook Islands ($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 Cook Islands (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Refrigerated Show-Cases Imports

Imports into New Zealand

In 2022, the amount of refrigerated show-caseses imported into New Zealand shrank to X units, dropping by -6.9% on 2021. Overall, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 85% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, refrigerated show-cases imports contracted to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +66.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 73%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest refrigerated show-cases supplier to New Zealand, with a 79% share of total imports. Moreover, refrigerated show-cases imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), eightfold. Italy (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.3% per year) and Italy (-1.3% per year).

In value terms, China ($X) constituted the largest supplier of refrigerated show-caseses to New Zealand, comprising 76% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Malaysia, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.5% per year) and Malaysia (-2.7% per year).

Import Prices by Country

In 2022, the average refrigerated show-cases import price amounted to $X per unit, growing by 3.5% against the previous year. In general, the import price, however, showed a noticeable setback. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform