New Zealand: Fork-Lift Truck Market 2025

Fork-Lift Truck Market Size in New Zealand

In 2022, the New Zealand fork-lift truck market increased by 32% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a resilient increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Fork-Lift Truck Exports

Exports from New Zealand

In 2022, the amount of fork-lift trucks exported from New Zealand skyrocketed to X units, increasing by 31% compared with 2021 figures. In general, exports recorded a modest expansion. The pace of growth appeared the most rapid in 2013 with an increase of 128%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, fork-lift truck exports soared to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +145.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Fiji (X units), Australia (X units) and Niue (X units) were the main destinations of fork-lift truck exports from New Zealand, with a combined 81% 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 Niue (with a CAGR of +51.7%), while the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) emerged as the key foreign market for fork-lift trucks exports from New Zealand, comprising 46% of total exports. The second position in the ranking was held by Australia ($X), with a 22% share of total exports. It was followed by Tonga, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-2.9% per year) and Tonga (+10.5% per year).

Export Prices by Country

The average fork-lift truck export price stood at $X per unit in 2022, jumping by 49% against the previous year. Overall, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2015 an increase of 138% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tonga ($X per unit), while the average price for exports to Niue ($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 Tonga (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports into New Zealand

In 2022, the amount of fork-lift trucks imported into New Zealand expanded rapidly to X units, with an increase of 6.5% compared with 2021 figures. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fork-lift truck imports soared to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest fork-lift truck supplier to New Zealand, accounting for a 61% share of total imports. Moreover, fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.2% per year) and the United States (+1.4% per year).

In value terms, China ($X) constituted the largest supplier of fork-lift trucks to New Zealand, comprising 29% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Japan, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.0% per year) and Japan (+1.1% per year).

Import Prices by Country

In 2022, the average fork-lift truck import price amounted to $X per unit, growing by 37% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($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 (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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