New Zealand: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in New Zealand

In 2022, the New Zealand self-propelled non-electric fork-lift truck market increased by 59% to $X, rising for the second consecutive year after three years of decline. Overall, consumption showed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from New Zealand

In 2022, after three years of decline, there was significant growth in overseas shipments of self-propelled fork-lift trucks with non-electric motor, when their volume increased by 123% to X units. Overall, exports posted a mild expansion. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck exports soared to $X in 2022. In general, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Fiji (X units) was the main destination for self-propelled non-electric fork-lift truck exports from New Zealand, accounting for a 33% share of total exports. Moreover, self-propelled non-electric fork-lift truck exports to Fiji exceeded the volume sent to the second major destination, Niue (X units), twofold. The third position in this ranking was held by American Samoa (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Fiji totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niue (+69.8% per year) and American Samoa (+36.2% per year).

In value terms, Fiji ($X) emerged as the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from New Zealand, comprising 44% of total exports. The second position in the ranking was taken by Australia ($X), with a 19% share of total exports. It was followed by Tonga, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+2.5% per year) and Tonga (+10.6% per year).

Export Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, increasing by 5.1% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled non-electric fork-lift truck export price increased by +32.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 83%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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 ($X per unit), while the average price for exports to Niue ($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 Malaysia (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into New Zealand

In 2022, approx. X units of self-propelled fork-lift trucks with non-electric motor were imported into New Zealand; jumping by 69% on 2021. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck imports soared to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.6% 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 +127.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and South Korea (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to New Zealand, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of self-propelled fork-lift trucks with non-electric motor to New Zealand, comprising 29% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.6% per year) and Italy (+14.8% per year).

Import Prices by Country

The average self-propelled non-electric fork-lift truck import price stood at $X per unit in 2022, waning by -5.3% against the previous year. Overall, the import price saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 an increase of 8.2% against the previous year. 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 Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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