New Zealand: Spacecraft Market 2023

Spacecraft Market Size in New Zealand

The New Zealand spacecraft market reached $X in 2021, with an increase of 2% against the previous year. Over the period under review, consumption posted a resilient increase. Spacecraft consumption peaked in 2021 and is expected to retain growth in the near future.

Spacecraft Production in New Zealand

In value terms, spacecraft production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a notable expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 2,197%. Spacecraft production peaked at $X in 2020, and then dropped remarkably in the following year.

Spacecraft Exports

Exports from New Zealand

In 2021, shipments abroad of civil spacecraft, satellites and launch vehicles decreased by -8.3% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 7,013% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spacecraft exports skyrocketed to $X in 2021. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 13,674%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for spacecraft exports from New Zealand, with a 86% share of total exports. Moreover, spacecraft exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold. The third position in this ranking was held by the UK (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-50.0% per year) and the UK (-84.9% per year).

In value terms, the United States ($X) remains the key foreign market for spacecraft exports from New Zealand, comprising 96% of total exports. The second position in the ranking was held by Italy ($X), with a 3% share of total exports. It was followed by the UK, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +90.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the UK (-3.7% per year).

Export Prices by Country

In 2021, the average spacecraft export price amounted to $X per unit, growing by 32% against the previous year. In general, the export price recorded a significant increase. The growth pace was the most rapid in 2019 an increase of 94%. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($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 the UK (+450.1%), while the prices for the other major destinations experienced mixed trend patterns.

Spacecraft Imports

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in supplies from abroad of civil spacecraft, satellites and launch vehicles, when their volume increased by 5,125% to X units. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 50,233%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, spacecraft imports surged to $X in 2021. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 45,594%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, the United States (X units) constituted the largest spacecraft supplier to New Zealand, accounting for a 62% share of total imports. Moreover, spacecraft imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +406.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+38.3% per year) and Italy (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of spacecraft to New Zealand, comprising 91% of total imports. The second position in the ranking was held by the UK ($X), with a 5% share of total imports. It was followed by Australia, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +133.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+62.4% per year) and Australia (+35.6% per year).

Import Prices by Country

In 2021, the average spacecraft import price amounted to $X per unit, increasing by 53% against the previous year. Over the period under review, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 693%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+45.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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