New Zealand: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in New Zealand

The New Zealand diagnostic equipment market was estimated at $X in 2023, standing approx. at the previous year. Overall, consumption posted moderate growth. Over the period under review, the market hit record highs in 2023 and is likely to continue growth in years to come.

Diagnostic Equipment Production in New Zealand

In value terms, diagnostic equipment production reached $X in 2023 estimated in export price. Overall, production enjoyed a slight expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Diagnostic equipment production peaked at $X in 2021; afterwards, it flattened through to 2023.

Diagnostic Equipment Exports

Exports from New Zealand

In 2023, after three years of growth, there was significant decline in overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, when their volume decreased by X% to X units. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, diagnostic equipment exports dropped sharply to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units), Fiji (X units) and the United States (X units) were the main destinations of diagnostic equipment exports from New Zealand, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Fiji (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diagnostic equipment exported from New Zealand were Australia ($X), Fiji ($X) and Singapore ($X), with a combined X% share of total exports.

Among the main countries of destination, Fiji, with a CAGR of X%, saw 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 diagnostic equipment export price stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diagnostic Equipment Imports

Imports into New Zealand

In 2023, overseas purchases of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by X% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2023 and are likely to continue growth in years to come.

In value terms, diagnostic equipment imports stood at $X in 2023. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

The United States (X units), China (X units) and Ireland (X units) were the main suppliers of diagnostic equipment imports to New Zealand, together accounting for X% of total imports. Japan, Mexico, Australia, Germany, Finland, the Dominican Republic, Hong Kong SAR, the UK, Singapore and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Australia ($X) constituted the largest diagnostic equipment suppliers to New Zealand, with a combined X% share of total imports. Japan, Ireland, Mexico, Germany, Switzerland, the UK, the Dominican Republic, Finland, Singapore and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Dominican Republic, 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

In 2023, the average diagnostic equipment import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price saw a mild decline. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform