New Zealand: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2024

Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in New Zealand

The New Zealand market for ultraviolet or infrared lamps and arc lamps rose slightly to $X in 2021, increasing by 4.8% 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 tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 +55.3% against 2018 indices. Ultraviolet, infrared, or arc lamp consumption peaked in 2021 and is likely to see steady growth in the near future.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports from New Zealand

In 2021, overseas shipments of ultraviolet or infrared lamps and arc lamps increased by 193% to X units, rising for the second consecutive year after four years of decline. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 311% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, ultraviolet, infrared, or arc lamp exports skyrocketed to $X in 2021. Overall, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X units) was the main destination for ultraviolet, infrared, or arc lamp exports from New Zealand, accounting for a 67% share of total exports. Moreover, ultraviolet, infrared, or arc lamp exports to Australia exceeded the volume sent to the second major destination, Samoa (X units), fourfold. Fiji (X units) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+89.3% per year) and Fiji (+3.7% per year).

In value terms, Australia ($X) remains the key foreign market for ultraviolet or infrared lamps and arc lamps exports from New Zealand, comprising 52% of total exports. The second position in the ranking was held by the United States ($X), with a 21% share of total exports. It was followed by Samoa, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+49.0% per year) and Samoa (+85.6% per year).

Export Prices by Country

In 2021, the average export price for ultraviolet or infrared lamps and arc lamps amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 77% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Samoa ($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 Malta (+98.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports into New Zealand

In 2021, after two years of growth, there was significant decline in overseas purchases of ultraviolet or infrared lamps and arc lamps, when their volume decreased by -14.7% to X units. In general, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, ultraviolet, infrared, or arc lamp imports surged to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 +43.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ultraviolet, infrared, or arc lamp to New Zealand, accounting for a 57% share of total imports. Moreover, ultraviolet, infrared, or arc lamp imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), fivefold. The third position in this ranking was held by the United States (X units), with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+13.2% per year) and the United States (+5.1% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the largest ultraviolet, infrared, or arc lamp suppliers to New Zealand, with a combined 65% share of total imports. Australia, Hungary and Poland lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Hungary, with a CAGR of +11.3%, saw 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

The average import price for ultraviolet or infrared lamps and arc lamps stood at $X per unit in 2021, surging by 42% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ultraviolet, infrared, or arc lamp import price decreased by -25.1% against 2018 indices. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :