Key Market Indicators
New Zealand’s electrical equipment export market is projected to climb to approximately $807 million by 2028, up from around $785 million in 2023. This represents an annual growth rate of 0.4%. Historical data shows that since 1994, the country's supply has increased by an average of 0.1% each year. On the import side, New Zealand's electrical equipment market is forecasted to hit roughly $4.2 billion by 2028, a rise from about $3.8 billion in 2023. This indicates an average annual growth rate of 1.4%. Since 1994, the nation's demand for electrical equipment has surged by 1.6% annually. These trends highlight a steady growth in both the export and import of electrical equipment in New Zealand, reflecting ongoing developments in the sector.
