As a Chinese crane supplier that provides crane services to the world, Dongqi has cooperation projects for overhead cranes in many countries in Oceania. Over the past few years, orders for overhead cranes have been increasing from countries such as Australia and New Zealand, Papua New Guinea, etc. What is the pattern of the overhead crane market in Oceania? What should I do if I want to better enter this market? In this article, we will discuss the overhead crane market in Oceania.
As the largest country in Oceania, Australia's crane market can basically directly reflect the development trend of overhead cranes in Oceania.
The overhead crane market in Australia and Oceania surged to $X in 2020, up X% compared to the previous year. Total consumption has grown moderately from 2007 to 2020: its value has grown at an average annual rate of +X% over the past 13 years. However, the trend pattern shows that some notable fluctuations were recorded throughout the analysis period. According to the 2020 data, consumption is down -X% compared to the 2018 index. The most significant growth rate occurred in 2018, when the market value increased by X% year-on-year. During the reporting period, the market hit an all-time high of $X in 2012; however, from 2013 to 2020, consumption failed to regain momentum.
In value terms, bridge crane production in 2020 reached X dollars in export prices. In general, the output showed a relatively stable trend pattern. The most significant growth rate occurred in 2009, when production increased by X% year-on-year. Production peaked at $X in 2012; however, from 2013 to 2020, production remained low.
Papua New Guinea (X units) is the country with the largest production of overhead cranes, accounting for about X% of the total production. In Papua New Guinea, overhead crane production remained relatively stable between 2007-2020.
In the export structure of overhead cranes, New Zealand (X units) and Australia (X units) dominate, together accounting for X% of total exports. Fiji (X-Force) is far behind the leaders. From 2007 to 2020, the largest increase was in New Zealand, while the other leaders saw smaller increases in shipments. Australia ($X) remains the largest supplier of overhead cranes to Australia and Oceania in terms of value, accounting for X% of total exports. In second place is New Zealand ($X) with X% of total exports. In Australia, exports of overhead cranes have grown at an average annual rate of +X% from 2007 to 2020. In other countries, the average annual growth rates are as follows: New Zealand (+X% per year) and Fiji (+X% per year).
In 2020, the export price of overhead cranes from Australia and Oceania was X dollars per unit, an increase of X% from the previous year. However, overall, export prices showed a relatively stable trend pattern. The most significant growth rate occurred in 2018, with an X% year-on-year increase. Export levels peaked at $X per unit in 2011; however, from 2012 to 2020, export prices remained low. There are significant differences in average prices between major exporting countries. In 2020, the country with the highest prices was Fiji ($X per unit), while New Zealand ($X per unit) was one of the cheapest. Fiji achieved the most significant price growth from 2007 to 2020
Australia is the main importer, importing about X units, accounting for X% of total imports. New Zealand (X units) came second with an X% share, followed by Nauru (X%), Marshall Islands (X%), Tokelau (X%) and Tuvalu (X%). The following importers - Solomon Islands (X units) and Guam (X units) - each account for X% of total imports. From 2007 to 2020, Australia's imports have grown at an average annual rate of +X%. Meanwhile, Tokelau (+X%), Solomon Islands (+X%), Marshall Islands (+X%), Guam (+X%) and New Zealand (+X%) showed positive growth rates. In addition, Tokelau became the fastest growing importing country in Australia and Oceania with a CAGR of +X% from 2007-2020. The trend pattern in Nauru and Tuvalu is relatively flat.
From 2007 to 2020, Nauru, Tokelau, Tuvalu and Solomon Islands increased their shares by +X%, +X%, +X% and +X%, while Australia (-X pp) and New Zealand ( -X pp) has decreased. During the analysis period, the shares of other countries remained relatively stable.
In terms of value, Australia ($X) is the largest import market for fixed truss overhead cranes in Australia and Oceania, accounting for X% of total imports. In second place is New Zealand ($X) with X% of total imports. Next is Nauru with an X% share.
From 2007 to 2020, Australia has experienced an average annual value growth of +X%. In other countries, the average annual growth rates are as follows: New Zealand (+X% per year) and Nauru (X% per year).
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