New Zealand: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in New Zealand

The New Zealand non-self-propelled fork-lift truck market dropped sharply to $X in 2022, waning by -23.2% 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, posted buoyant growth. Non-self-propelled fork-lift truck consumption peaked at $X in 2021, and then reduced rapidly in the following year.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from New Zealand

In 2022, non-self-propelled fork-lift truck exports from New Zealand dropped to X units, waning by -2% against the previous year. In general, exports, however, posted a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 263% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2021 when exports increased by 82%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Fiji (X units), Australia (X units) and Tonga (X units) were the main destinations of non-self-propelled fork-lift truck exports from New Zealand, with a combined 93% share 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 Fiji (with a CAGR of +47.7%), while the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) emerged as the key foreign market for non-self-propelled fork-lift trucks exports from New Zealand, comprising 45% of total exports. The second position in the ranking was taken by Australia ($X), with a 19% share of total exports. It was followed by Tonga, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Fiji stood at +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-12.8% per year) and Tonga (+11.9% per year).

Export Prices by Country

In 2022, the average non-self-propelled fork-lift truck export price amounted to $X per unit, picking up by 59% against the previous year. In general, the export price, however, showed a mild contraction. The growth pace was the most rapid in 2015 an increase of 125% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tonga ($X per unit), while the average price for exports to Australia ($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 Niue (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into New Zealand

In 2022, non-self-propelled fork-lift truck imports into New Zealand reduced dramatically to X units, dropping by -17.2% compared with the previous year. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of X units, and then contracted sharply in the following year.

In value terms, non-self-propelled fork-lift truck imports dropped sharply to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 67%. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-self-propelled fork-lift truck to New Zealand, with a 74% share of total imports. Moreover, non-self-propelled fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.3% per year) and Sweden (+11.6% per year).

In value terms, China ($X) constituted the largest supplier of non-self-propelled fork-lift trucks to New Zealand, comprising 36% of total imports. The second position in the ranking was held by Sweden ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+12.1% per year) and Japan (+8.2% per year).

Import Prices by Country

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, which is down by -9.1% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-self-propelled fork-lift truck import price decreased by -44.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 38%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :