New Zealand: Test And Measurement Market 2024

Test And Measurement Market Size in New Zealand

In 2022, the New Zealand test and measurement market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated a remarkable increase 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Test And Measurement Exports

Exports from New Zealand

Test and measurement exports from New Zealand reduced rapidly to X units in 2022, waning by X% compared with 2021. Over the period under review, exports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then contracted significantly in the following year.

In value terms, test and measurement exports declined rapidly to $X in 2022. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Australia (X units), the United States (X units) and the UK (X units) were the main destinations of test and measurement exports from New Zealand, with a combined X% share of total exports. Norway, France, Germany, the Netherlands, Singapore, Sweden, Latvia, the United Arab Emirates and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for test and measurement exported from New Zealand were Australia ($X), the United States ($X) and the UK ($X), with a combined X% share of total exports. Norway, France, Germany, the Netherlands, Singapore, Sweden, Latvia, the United Arab Emirates and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average test and measurement export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price 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, test and measurement export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Germany ($X per unit), while the average price for exports to Singapore ($X per unit) and France ($X per unit) were amongst the lowest.

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

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Test And Measurement Imports

Imports into New Zealand

In 2022, purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by X% to X units, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, test and measurement imports rose significantly to $X in 2022. In general, total imports indicated prominent 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 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of test and measurement imports to New Zealand, together accounting for X% of total imports. Australia, Singapore, Italy, the UK, Switzerland, Romania, Canada, France and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest test and measurement suppliers to New Zealand were the United States ($X), Germany ($X) and China ($X), together comprising X% of total imports. Australia, Singapore, Italy, the UK, Switzerland, Romania, Canada, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Romania, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average test and measurement import price amounted to $X per unit, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then fell slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Switzerland ($X per unit) and Romania ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Canada ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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