New Zealand: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in New Zealand

The New Zealand market for residential, commercial and industrial lighting fixture soared to $X in 2021, rising by 43% 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). Over the period under review, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.3% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from New Zealand

In 2021, overseas shipments of residential, commercial and industrial lighting fixture increased by 5.3% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 43%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture reached $X in 2021. In general, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 48% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from New Zealand, with a 62% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Australia exceeded the volume sent to the second major destination, the United States (X units), tenfold. Fiji (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.8% per year) and Fiji (-12.2% per year).

In value terms, Australia ($X) remains the key foreign market for residential, commercial and industrial lighting fixture exports from New Zealand, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total exports. It was followed by Fiji, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+20.3% per year) and Fiji (-11.0% per year).

Export Prices by Country

In 2021, the average export price for residential, commercial and industrial lighting fixture amounted to $X per unit, waning by -4.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2013 an increase of 25%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into New Zealand

Imports of residential, commercial and industrial lighting fixture into New Zealand skyrocketed to X units in 2021, picking up by 36% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 37%. Over the period under review, imports of attained the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.0% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 52%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest residential, commercial and industrial lighting fixture supplier to New Zealand, with a 76% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, Australia (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+9.0% per year) and Italy (+3.1% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to New Zealand, comprising 76% of total imports. The second position in the ranking was held by Australia ($X), with a 7.2% share of total imports. It was followed by Italy, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+6.0% per year) and Italy (+1.8% per year).

Import Prices by Country

In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $X per unit, with an increase of 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.9%. The most prominent rate of growth was recorded in 2015 an increase of 17% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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