New Zealand: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in New Zealand

After two years of decline, the New Zealand mechanical shovel and excavator market increased by 120% to $X in 2021. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from New Zealand

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were exported from New Zealand; falling by -16.4% against 2020 figures. Overall, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.0% against 2014 indices. The pace of growth was the most pronounced in 2013 with an increase of 46% against the previous year. The exports peaked at X units in 2020, and then dropped remarkably in the following year.

In value terms, mechanical shovel and excavator exports contracted significantly to $X in 2021. Over the period under review, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. The exports peaked at $X in 2020, and then fell significantly in the following year.

Exports by Country

Australia (X units) was the main destination for mechanical shovel and excavator exports from New Zealand, with a 40% share of total exports. Moreover, mechanical shovel and excavator exports to Australia exceeded the volume sent to the second major destination, Samoa (X units), fourfold. The third position in this ranking was held by Fiji (X units), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+3.1% per year) and Fiji (-11.8% per year).

In value terms, Australia ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from New Zealand, comprising 48% of total exports. The second position in the ranking was taken by Samoa ($X), with an 8.2% share of total exports. It was followed by Fiji, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+7.2% per year) and Fiji (-7.4% per year).

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2021, approximately equating the previous year. Overall, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into New Zealand

After three years of decline, purchases abroad of mechanical shovels, excavators and shovel loaders increased by 95% to X units in 2021. Over the period under review, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), China (X units) and South Korea (X units) were the main suppliers of mechanical shovel and excavator imports to New Zealand, with a combined 79% share of total imports. These countries were followed by the United States, Finland, Sweden, Germany, Italy and the UK, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +61.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to New Zealand, comprising 44% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.6% per year) and South Korea (+3.6% per year).

Import Prices by Country

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, picking up by 6.8% against the previous year. In general, the import price, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 South Korea ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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