The New Zealand crane market surged to $X in 2020, up X% year-on-year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers' profits, which will be included in the final consumer price). However, consumption showed a relatively flat trend pattern during the period under review. In 2011, the growth rate was the fastest, with an increase of X% year-on-year. During the period under review, the market peaked at $X in 2014; however, from 2015 to 2020, consumption has been at lower levels.
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In 2020, overseas shipments of cranes, mobile cranes fell -X% to X units, the second consecutive year of decline after three consecutive years of growth. During the period under review, exports declined sharply. The most significant growth rate occurred in 2008, with an X% year-on-year increase. During the period under review, exports reached a maximum of X units in 2010; however, from 2011 to 2020, the export figures were slightly lower.
In value terms, crane exports fell significantly to X dollars in 2020. Overall, exports fell sharply. The growth rate was most pronounced in 2008, when exports increased by X% over the previous year. As a result, exports peaked at X dollars. From 2009 to 2020, the growth rate of exports remained at a low level.
Finland (X units), India (X units) and Australia (X units) were the main destinations for New Zealand's crane exports, together accounting for X% of total exports.
From 2007 to 2020, among the major destination countries, Finland achieved the most significant growth in shipments, while the other leading countries experienced more moderate export growth rates.
Australia ($X) remains the leading foreign market for New Zealand's crane exports by value, accounting for X% of total exports. In second place is Finland ($X) with X% of total exports. It is followed by India with an X% share.
From 2007 to 2020, the average annual growth in value to Australia was -X%. Exports to other major destinations recorded the following average annual export growth rates: Finland (+X% per annum) and India (-X% per annum).
In 2020, the number of cranes and mobile cranes imported into New Zealand surged to X units, an increase of X% compared to 2019 figures. Overall, however, there have been notable setbacks in imports. The growth rate was most pronounced in 2011, when imports rose by X% year-on-year. Imports peaked at X units in 2013; however, from 2014 to 2020, imports have remained low.
Crane imports surged to $X in 2020 by value. However, imports continued to show significant growth during the period under review. As a result, imports peaked and may continue to grow in the short term.
Germany (X units), Ireland (X units) and Austria (X units) were the main suppliers of crane imports to New Zealand, accounting for X% of total imports. From 2007 to 2020, among the major suppliers, Germany achieved the most significant growth in purchases (+ X% per annum), while other leaders experienced more modest growth in imports.
Germany ($X) is New Zealand's largest crane supplier by value, accounting for X% of total imports. In second place is Ireland ($X) with X% of total imports. It is followed by Australia with an X% share.
From 2007 to 2020, the average annual growth rate in value in Germany totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Ireland (+X% per annum) and Australia (+X% per annum).
Germany is New Zealand's largest crane supplier by value, accounting for 44% of total imports. In second place was Ireland, which accounted for 11% of total imports. It is followed by Australia with a share of 6.5%.
Australia remains the main foreign market for New Zealand's crane exports by value, accounting for 57% of total exports. In second place is Finland, with 21% of total exports. It is followed by India with a share of 12%.
The average export price of cranes in 2020 was USD 33,390 per unit, down -29.9% from the previous year.
The average price of crane imports in 2020 was US$95,364 per unit, an increase of 61% over the previous year.
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