New Zealand: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in New Zealand

In 2022, the New Zealand combined refrigerator-freezer market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated modest 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, consumption increased by X% against 2018 indices. Combined refrigerator-freezer consumption peaked at $X in 2021, and then contracted slightly in the following year.

Combined Refrigerator-Freezer Production in New Zealand

In value terms, combined refrigerator-freezer production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Combined refrigerator-freezer production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Combined Refrigerator-Freezer Exports

Exports from New Zealand

In 2022, combined refrigerator-freezer exports from New Zealand dropped dramatically to X units, falling by X% against 2021 figures. In general, exports faced a sharp slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, combined refrigerator-freezer exports shrank remarkably to $X in 2022. Over the period under review, exports faced a sharp decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cook Islands (X units), Australia (X units) and Fiji (X units) were the main destinations of combined refrigerator-freezer exports from New Zealand, with a combined X% share of total exports.

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

In value terms, Fiji ($X), Cook Islands ($X) and Australia ($X) appeared to be the largest markets for combined refrigerator-freezer exported from New Zealand worldwide, together accounting for X% of total exports.

Cook Islands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average combined refrigerator-freezer export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, export price indicated perceptible 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, combined refrigerator-freezer export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Fiji ($X per unit), while the average price for exports to Papua New Guinea ($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 Fiji (X%), while the prices for the other major destinations experienced more modest paces of growth.

Combined Refrigerator-Freezer Imports

Imports into New Zealand

In 2022, after two years of growth, there was significant decline in overseas purchases of combined refrigerators-freezers, when their volume decreased by X% to X units. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its volume 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 2012 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, combined refrigerator-freezer imports shrank to $X in 2022. In general, total imports indicated a moderate expansion 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 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest combined refrigerator-freezer supplier to New Zealand, with a X% share of total imports. Moreover, combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

In value terms, China ($X), Thailand ($X) and Vietnam ($X) were the largest combined refrigerator-freezer suppliers to New Zealand, together accounting for X% of total imports.

Among the main suppliers, Vietnam, 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 combined refrigerator-freezer import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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