Key Market Indicators
New Zealand's aerospace imports are projected to hit $2.35 billion by 2028, up from $1.97 billion in 2023. This marks an annual growth rate of 2.8%. Since 1994, the country's demand for aerospace imports has increased by 4.1% each year. In 2023, New Zealand ranked 13th globally, with Mexico slightly ahead at the same $1.97 billion mark. Singapore, Ireland, and Canada secured the second, third, and fourth spots, respectively. On the export front, New Zealand's aerospace sector is expected to reach $580 million by 2028, rising from $524 million in 2023. This represents an annual growth rate of 1.6%. Since 1994, the country's aerospace exports have surged by 40.6% annually. In 2023, New Zealand ranked 20th in this category, trailing Romania, which also posted exports of $524 million. France, Germany, and Singapore were the second, third, and fourth largest exporters, respectively.
