New Zealand: Ignition Magneto Market 2024

Ignition Magneto Market Size in New Zealand

The New Zealand ignition magneto market stood at $X in 2022, almost unchanged from the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Ignition Magneto Production in New Zealand

In value terms, ignition magneto production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. Ignition magneto production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Ignition Magneto Exports

Exports from New Zealand

In 2022, shipments abroad of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by X% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, ignition magneto exports expanded markedly to $X in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for ignition magneto exports from New Zealand, with a X% share of total exports. Moreover, ignition magneto exports to Australia exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Singapore (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: the United States (X% per year) and Singapore (X% per year).

In value terms, Australia ($X), the United States ($X) and Japan ($X) appeared to be the largest markets for ignition magneto exported from New Zealand worldwide, with a combined X% share of total exports. Vanuatu, Singapore and Samoa lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ignition magneto export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vanuatu ($X per unit), while the average price for exports to Singapore ($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 Vanuatu (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into New Zealand

In 2022, the amount of ignition magnetos, magneto-dynamos and magnetic flywheels imported into New Zealand surged to X units, with an increase of X% against the year before. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, ignition magneto imports soared to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of ignition magneto imports to New Zealand, together comprising X% of total imports.

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

In value terms, the United States ($X), Germany ($X) and Croatia ($X) appeared to be the largest ignition magneto suppliers to New Zealand, together comprising X% of total imports.

Croatia, with a CAGR of X%, recorded the highest growth rate of 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 ignition magneto import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a deep contraction. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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