New Zealand: Spectacles And Goggles Market 2024

Spectacles And Goggles Market Size in New Zealand

The New Zealand spectacles and goggles market shrank markedly to $X in 2021, declining by -15.9% 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). The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Spectacles And Goggles Exports

Exports from New Zealand

In 2021, spectacles and goggles exports from New Zealand reduced sharply to X units, waning by -15.5% against the previous year's figure. Over the period under review, exports, however, saw tangible growth. The growth pace was the most rapid in 2017 with an increase of 272% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spectacles and goggles exports dropped dramatically to $X in 2021. Overall, exports recorded a perceptible setback. The pace of growth was the most pronounced in 2017 when exports increased by 117% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for spectacles and goggles exports from New Zealand, with a 44% share of total exports. Moreover, spectacles and goggles exports to Australia exceeded the volume sent to the second major destination, Fiji (X units), twofold. The third position in this ranking was taken by Cook Islands (X units), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+7.6% per year) and Cook Islands (+14.6% per year).

In value terms, Australia ($X) remains the key foreign market for spectacles and goggles exports from New Zealand, comprising 51% of total exports. The second position in the ranking was taken by Cook Islands ($X), with an 18% share of total exports. It was followed by Fiji, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+16.9% per year) and Fiji (+14.3% per year).

Export Prices by Country

In 2021, the average spectacles and goggles export price amounted to $X per unit, shrinking by -1.7% against the previous year. In general, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 36%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tonga ($X per unit), while the average price for exports to Fiji ($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 Fiji (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spectacles And Goggles Imports

Imports into New Zealand

In 2021, after six years of growth, there was significant decline in supplies from abroad of spectacles and goggles, when their volume decreased by -29.4% to X units. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 40% against the previous year. Imports peaked at X units in 2020, and then shrank significantly in the following year.

In value terms, spectacles and goggles imports dropped to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Australia (X units) were the main suppliers of spectacles and goggles imports to New Zealand, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +8.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Australia ($X) and Taiwan (Chinese) ($X) were the largest spectacles and goggles suppliers to New Zealand, together comprising 92% of total imports.

In terms of the main suppliers, China, with a CAGR of +10.6%, saw the highest rates of growth with regard to 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 spectacles and goggles import price amounted to $X per unit, surging by 33% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 60%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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