New Zealand: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in New Zealand

The New Zealand market for solar cells and light-emitting diodes expanded sharply to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Exports of Solar Cells and Light-Emitting Diodes

Exports from New Zealand

In 2022, the amount of solar cells and light-emitting diodes exported from New Zealand reached X units, increasing by X% compared with 2021. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, solar cells and light-emitting diodes exports shrank to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for solar cells and light-emitting diodes exports from New Zealand, accounting for a X% share of total exports. Moreover, solar cells and light-emitting diodes exports to Australia exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was held by Fiji (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 Fiji (X% per year).

In value terms, Australia ($X) remains the key foreign market for solar cells and light-emitting diodes exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Fiji, with an X% share.

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

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per unit) and the United States ($X per unit), while the average price for exports to Australia ($X per unit) and Canada ($X per unit) were amongst the lowest.

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

Imports of Solar Cells and Light-Emitting Diodes

Imports into New Zealand

Solar cells and light-emitting diodes imports into New Zealand skyrocketed to X units in 2022, with an increase of X% against the year before. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, solar cells and light-emitting diodes imports declined sharply to $X in 2022. Overall, imports showed a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest solar cells and light-emitting diodes supplier to New Zealand, with a X% share of total imports. Moreover, solar cells and light-emitting diodes imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), fourfold. The third position in this ranking was held by Singapore (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of solar cells and light-emitting diodes to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Australia (X% per year).

Import Prices by Country

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for South Korea ($X per unit) was 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 a decline.

Source: IndexBox Platform

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