New Zealand: Crane Market 2025

Crane Market Size in New Zealand

The New Zealand crane market reduced notably to $X in 2022, waning by -24.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded prominent growth. Crane consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Crane Exports

Exports from New Zealand

In 2022, overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a tangible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, crane exports surged to $X in 2022. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 126%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Australia (X units) was the main destination for crane exports from New Zealand, with a 77% share of total exports. Moreover, crane exports to Australia exceeded the volume sent to the second major destination, Tonga (X units), fivefold. The third position in this ranking was taken by Kuwait (X units), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+81.2% per year) and Kuwait (-12.5% per year).

In value terms, Australia ($X) remains the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from New Zealand, comprising 92% of total exports. The second position in the ranking was taken by Tonga ($X), with a 5% share of total exports. It was followed by Kuwait, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tonga (+64.1% per year) and Kuwait (-11.3% per year).

Export Prices by Country

The average crane export price stood at $X per unit in 2022, reducing by -36.1% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then contracted significantly in the following year.

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 ($X per unit), while the average price for exports to Singapore ($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 Kuwait (+1.5%), while the prices for the other major destinations experienced a decline.

Crane Imports

Imports into New Zealand

Crane imports into New Zealand fell to X units in 2022, dropping by -12.3% compared with 2021. Overall, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 108%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, crane imports totaled $X in 2022. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 94% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Japan (X units) and Canada (X units) were the main suppliers of crane imports to New Zealand, together accounting for 51% of total imports. Austria, the United States, China, Australia, Ireland, Italy, the UK, Malaysia, Denmark and Poland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +68.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Canada ($X) constituted the largest crane suppliers to New Zealand, with a combined 53% share of total imports. Japan, the United States, Italy, Denmark, Australia, Ireland, China, Malaysia, the UK and Poland lagged somewhat behind, together accounting for a further 42%.

Among the main suppliers, Malaysia, with a CAGR of +94.0%, saw the highest rates of growth with regard to 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 crane import price amounted to $X per unit, growing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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