New Zealand: Container Market 2024

Container Market Size in New Zealand

After five years of growth, the New Zealand container market decreased by X% to $X in 2022. Overall, consumption, however, recorded a remarkable increase. Container consumption peaked at $X in 2021, and then shrank in the following year.

Container Production in New Zealand

In value terms, container production amounted to $X in 2022 estimated in export price. Overall, production showed strong growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Container Exports

Exports from New Zealand

In 2022, shipments abroad of tanks, casks, drums, cans, boxes and similar containers was finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, container exports surged to $X in 2022. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Papua New Guinea (X units) was the main destination for container exports from New Zealand, accounting for a X% share of total exports. Moreover, container exports to Papua New Guinea exceeded the volume sent to the second major destination, Australia (X units), twofold. The third position in this ranking was held by French Polynesia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Papua New Guinea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and French Polynesia (X% per year).

In value terms, Papua New Guinea ($X), Australia ($X) and French Polynesia ($X) constituted the largest markets for container exported from New Zealand worldwide, with a combined X% share of total exports.

Papua New Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average container export price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price 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, container export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was French Polynesia ($X per unit), while the average price for exports to Samoa ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into New Zealand

After two years of growth, overseas purchases of tanks, casks, drums, cans, boxes and similar containers decreased by X% to X units in 2022. Over the period under review, imports saw a slight decline. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, container imports declined to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Australia (X units) and Chile (X units) were the main suppliers of container imports to New Zealand, together comprising X% of total imports. Thailand, Malaysia, Israel and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Australia ($X) and Thailand ($X) appeared to be the largest container suppliers to New Zealand, together accounting for X% of total imports.

Among the main suppliers, Thailand, 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 2022, the average container import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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