New Zealand

It will be IKEA’s first new market since 2020 when it opened in Slovenia.

The market grew by 12.3% to $7.5b in 2023.

It was driven by the country's technological infrastructure, ensuring fast internet and secure payments.

32% of businesses are uncertain about surviving in the next 12 months.

It aims to be 100% solar-powered by end-2026.

Younger consumers are purchasing more online whilst the older are returning in-store.

Chain operators are especially expected to grow at a higher rate.

Card payments are expected to rise at a CAGR of 1.8% to $66b by 2024.

The number of wearable device owners is rising in New Zealand. In the past 12 months, the number of wearable technology owners has almost doubled (+93%) and now represents 9% of the online population aged over 15, according to data from Nielsen Consumer and Media Insights.

Manuka Health has opened a new purpose-built honey processing and distribution centre in New Zealand that will greatly expand its capacity to meet the growing demand of its golden honey.

Steve Anderson is proud to be part of the genuine Kiwi success story. Sharon Tian catches up with the managing director of Foodstuffs New Zealand and learns about a different way to lead.