New Zealand: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in New Zealand

The New Zealand overhead travelling crane market fell slightly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Overhead Travelling Crane Production in New Zealand

In value terms, overhead travelling crane production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The growth pace was the most rapid in 2016 when the production volume increased by X%. Overhead travelling crane production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports from New Zealand

In 2022, after three years of decline, there was decline in overseas shipments of overhead travelling cranes on fixed support, when their volume decreased by X% to X units. Overall, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, overhead travelling crane exports declined notably to $X in 2022. In general, exports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units), Fiji (X units) and Belgium (X units) were the main destinations of overhead travelling crane exports from New Zealand, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) remains the key foreign market for overhead travelling cranes on fixed support exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Fiji stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Australia (X% per year).

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (X%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into New Zealand

In 2022, after three years of growth, there was significant decline in overseas purchases of overhead travelling cranes on fixed support, when their volume decreased by X% to X units. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, overhead travelling crane imports contracted notably to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

Turkey (X units), China (X units) and Australia (X units) were the main suppliers of overhead travelling crane imports to New Zealand, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of overhead travelling cranes on fixed support to New Zealand, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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