The commercial industrial gases market in New Zealand was estimated to have generated revenues of some $259.1m in 2019. This was an increase from revenues in 2009 of $187.3m, indicating an average annual growth rate of 3.3% p.a. for the decade.
The rate GDP growth has experienced continuous growth over the course of the last decade. The past decade has had an average annual growth rate of 4.6% with a high of 6.5% in 2017. In 2019 the rate was recorded at 5.1%.
Within the 2019-2024 timeframe, our forecast models predict growth from 3.9% p.a. in a low scenario to 4.8% p.a. in a high scenario. Accordingly, the industry in New Zealand is expected to achieve revenues of between $314m to $327m by 2024.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential
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