Newspaper Advertising - New Zealand

New Zealand

Highlights

Ad spending in the Newspaper Advertising market in New Zealand is forecasted to reach US$62.81m in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of -4.28%, leading to a projected market volume of US$48.33m by 2030.
With a projected market volume of US$5.03bn in 2024, the majority of revenue will be generated in New Zealand.
In the Newspaper Advertising market of New Zealand, the number of readers is expected to reach 0.0users by 2030.
The average ad spending per reader in the Newspaper Advertising market of New Zealand is projected to be US$71.34 in 2024.
New Zealand's newspaper advertising market is seeing a shift towards digital platforms, reflecting changing consumer preferences and technological advancements.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Newspaper Advertising market in New Zealand has seen significant developments and trends in recent years.

Customer preferences: Customers in New Zealand have shown a growing preference for digital media over traditional print media. With the rise of internet usage and the increasing popularity of social media platforms, people are turning to online sources for news and information. This shift in customer preferences has led to a decline in newspaper readership and subsequently, a decrease in newspaper advertising.

Trends in the market: One of the key trends in the Newspaper Advertising market in New Zealand is the shift towards digital advertising. Advertisers are increasingly investing in online platforms to reach their target audience more effectively. Digital advertising offers greater flexibility, targeting capabilities, and real-time performance tracking, making it a more attractive option for advertisers. As a result, newspaper advertising budgets have been reallocated to digital channels. Another trend in the market is the growing importance of mobile advertising. With the widespread use of smartphones and tablets, people are consuming news and information on their mobile devices. Advertisers are recognizing this trend and are investing in mobile advertising to engage with their audience on the go. This has further contributed to the decline in newspaper advertising.

Local special circumstances: New Zealand has a relatively small population compared to other countries, which limits the reach and impact of newspaper advertising. Advertisers often find it more cost-effective to invest in other forms of media that can reach a larger audience. Additionally, the geographic spread of the population in New Zealand poses challenges for newspaper distribution, further reducing the effectiveness of newspaper advertising.

Underlying macroeconomic factors: The New Zealand economy has experienced steady growth in recent years, which has positively impacted the advertising industry as a whole. However, the newspaper advertising market has not benefited from this growth to the same extent. Advertisers are increasingly focusing on digital and mobile platforms to maximize their return on investment. As a result, newspaper advertising revenues have declined. In conclusion, the Newspaper Advertising market in New Zealand is undergoing significant changes due to shifting customer preferences, the rise of digital advertising, and the importance of mobile advertising. These trends, coupled with local special circumstances and underlying macroeconomic factors, have contributed to the decline in newspaper advertising in the country. Advertisers are adapting to these changes by reallocating their budgets to digital and mobile channels to reach their target audience more effectively.

Data coverage:

Data encompasses enterprises (B2B). Figures are based on newspaper advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in printed newspapers.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.