New Zealand: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2025

Exports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Exports from New Zealand

In 2022, shipments abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes decreased by -48.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a notable increase. The pace of growth was the most pronounced in 2021 when exports increased by 286% against the previous year. As a result, the exports attained the peak of X units, and then fell dramatically in the following year.

In value terms, ship derrick buckets and shovels exports shrank remarkably to $X in 2022. In general, exports showed a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 253% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units), the United States (X units) and Chile (X units) were the main destinations of ship derrick buckets and shovels exports from New Zealand, together accounting for 82% of total exports. These countries were followed by Uruguay, French Polynesia, Solomon Islands and the UK, which together accounted for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Solomon Islands (with a CAGR of +55.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Chile ($X) were the largest markets for ship derrick buckets and shovels exported from New Zealand worldwide, together comprising 82% of total exports. These countries were followed by Uruguay, French Polynesia, Solomon Islands and the UK, which together accounted for a further 12%.

Solomon Islands, with a CAGR of +151.2%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, picking up by 18% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were French Polynesia ($X per unit) and Australia ($X per unit), while the average price for exports to Uruguay ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Imports into New Zealand

In 2022, the amount of buckets, shovels, grabs and grips for ships’ derricks and cranes imported into New Zealand skyrocketed to X units, growing by 50% on the year before. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 76% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ship derrick buckets and shovels imports skyrocketed to $X in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2013 when imports increased by 53%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X units), China (X units) and Australia (X units) were the main suppliers of ship derrick buckets and shovels imports to New Zealand, together comprising 74% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +70.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Australia ($X) appeared to be the largest ship derrick buckets and shovels suppliers to New Zealand, with a combined 74% share of total imports.

India, with a CAGR of +268.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 import price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 an increase of 29%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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