New Zealand: Refrigerator Compressor Market 2024

Refrigerator Compressor Market Size in New Zealand

In 2022, the New Zealand refrigerator compressor market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a abrupt contraction. Refrigerator compressor consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refrigerator Compressor Exports

Exports from New Zealand

Refrigerator compressor exports from New Zealand dropped remarkably to X units in 2022, which is down by X% on the year before. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, refrigerator compressor exports reduced remarkably to $X in 2022. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for refrigerator compressor exports from New Zealand, accounting for a X% share of total exports. Moreover, refrigerator compressor exports to Australia exceeded the volume sent to the second major destination, China (X units), sixfold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, Australia ($X) remains the key foreign market for compressors for refrigeration equipment exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Fiji ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average refrigerator compressor export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average 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 Fiji ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports

Imports into New Zealand

In 2022, supplies from abroad of compressors for refrigeration equipment decreased by X% to X units, falling for the third year in a row after two years of growth. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, refrigerator compressor imports declined to $X in 2022. In general, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), China (X units) and Slovakia (X units) were the main suppliers of refrigerator compressor imports to New Zealand, with a combined X% share of total imports. Japan, Australia, the United States, Malaysia, Mexico, Singapore and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refrigerator compressor suppliers to New Zealand were Thailand ($X), China ($X) and the United States ($X), together comprising X% of total imports. Australia, Japan, Slovakia, Malaysia, Mexico, Singapore and Brazil lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, 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 refrigerator compressor import price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then shrank slightly in the following year.

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

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

Source: IndexBox Platform

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