New Zealand: Bulldozer Market 2024

Bulldozer Market Size in New Zealand

The New Zealand bulldozer market fell significantly to $X in 2022, shrinking by -41.1% against the previous year. Over the period under review, consumption, however, enjoyed a strong expansion. Bulldozer consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Bulldozer Production in New Zealand

In value terms, bulldozer production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with a decrease of 99.9% against the previous year. Bulldozer production peaked in 2022 and is likely to see gradual growth in the immediate term.

Bulldozer Exports

Exports from New Zealand

In 2022, approx. X units of bulldozers and angle dozers were exported from New Zealand; jumping by 73% compared with the previous year's figure. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 120% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bulldozer exports soared to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 248% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Australia (X units) was the main destination for bulldozer exports from New Zealand, with a 66% share of total exports. Moreover, bulldozer exports to Australia exceeded the volume sent to the second major destination, Tonga (X units), threefold. The third position in this ranking was taken by Fiji (X units), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+23.1% per year) and Fiji (-14.0% per year).

In value terms, Australia ($X) remains the key foreign market for bulldozers and angle dozers exports from New Zealand, comprising 96% of total exports. The second position in the ranking was taken by Tonga ($X), with a 1.5% share of total exports. It was followed by Singapore, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+26.3% per year) and Singapore (+22.0% per year).

Export Prices by Country

In 2022, the average bulldozer export price amounted to $X per unit, picking up by 80% against the previous year. In general, the export price showed a resilient expansion. The growth pace was the most rapid in 2020 an increase of 142% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Tonga ($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 Vietnam (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into New Zealand

In 2022, imports of bulldozers and angle dozers into New Zealand fell markedly to X units, dropping by -28.6% on 2021. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 75% 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, bulldozer imports shrank significantly to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Japan (X units), the United States (X units) and South Korea (X units) were the main suppliers of bulldozer imports to New Zealand, with a combined 88% 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 South Korea (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Thailand ($X) appeared to be the largest bulldozer suppliers to New Zealand, with a combined 93% share of total imports.

Thailand, with a CAGR of +316.5%, saw the highest rates of growth with regard to 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 bulldozer import price amounted to $X per unit, increasing by 2.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 22%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+44.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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