New Zealand: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in New Zealand

The New Zealand market for wiring sets used in vehicles, aircraft or ships fell sharply to $X in 2022, dropping by -18.7% 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 buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.6% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from New Zealand

Exports of wiring sets used in vehicles, aircraft or ships from New Zealand soared to X tons in 2022, growing by 61% on the year before. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 95% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2022. In general, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from New Zealand, accounting for a 59% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Australia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+62.3% per year) and the United States (+34.3% per year).

In value terms, Australia ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from New Zealand, comprising 59% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 21% share of total exports. It was followed by the United States, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+60.5% per year) and the United States (+20.4% per year).

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, growing by 8.9% against the previous year. In general, the export price, however, recorded a slight downturn. The growth pace was the most rapid in 2013 an increase of 66% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Australia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into New Zealand

Imports of wiring sets used in vehicles, aircraft or ships into New Zealand fell to X tons in 2022, waning by -9.1% on the year before. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +15.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, imports of wiring sets used in vehicles, aircraft or ships contracted to $X in 2022. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Samoa (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to New Zealand, with a combined 39% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Samoa (with a CAGR of +110.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wiring sets used in vehicles, aircraft or ships suppliers to New Zealand were the United States ($X), Samoa ($X) and Australia ($X), together comprising 40% of total imports.

Samoa, with a CAGR of +119.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, surging by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2013 when the average import price increased by 14%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Tunisia ($X per ton) and the United States ($X per ton), while the price for Thailand ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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