In 2021, the New Zealand haulage and overhead crane market has finally started to rise, reaching $X for the first time since 2015, thus ending a five-year downward trend. Overall, consumption has dropped significantly. Consumption of haulage cranes and overhead cranes peaked at $X in 2015; however, consumption has remained low from 2016 to 2021.
Overseas shipments of haulage cranes, gantry cranes and overhead cranes fell by X% to X units in 2021, falling for the sixth consecutive year after four years of growth. Overall, exports fell sharply. The most significant growth rate occurred in 2014, when exports increased by X% year-on-year. Exports peaked at X units in 2015; however, from 2016 to 2021, export volumes were at lower levels.
In value terms, exports of transport and overhead cranes contracted significantly to $X in 2021. During the period under review, exports contracted sharply. In 2014, the growth rate was the fastest, with an increase of X% year-on-year. Exports peaked at $X in 2015; however, from 2016 to 2021, exports have remained low.
Kuwait (X units) is New Zealand's leading destination for transport and overhead crane exports, accounting for approximately X% of total exports. From 2012 to 2021, the average annual growth rate of exports to Kuwait totaled +X%.
In terms of value, Kuwait (USD X) remains the leading foreign market for New Zealand's haulage and overhead crane exports. From 2012 to 2021, the average annual growth rate of value to Kuwait will total -X%.
In 2021, approximately X transport cranes, gantry cranes and overhead cranes were imported into New Zealand; -X% less than in 2020. Overall, there was a marked decline in imports. 2016 appears to have seen the fastest growth, with an X% increase over the previous year. As a result, imports peaked at X units. Import growth failed to regain momentum between 2017 and 2021.
In terms of value, the import of transport cranes and overhead cranes expands to X USD in 2021. Imports continued to show marked declines during the period under review. The most significant growth rate was recorded in 2016, with a year-on-year increase of X%. As a result, imports peaked at X dollars. Import growth failed to regain momentum between 2017 and 2021.
In 2021, Ireland (X units) was the largest supplier of transport and overhead cranes in New Zealand, accounting for X% of total imports. In addition, the import of transport cranes and overhead cranes from Ireland exceeded the number recorded by the second largest supplier, Austria (X units) by more than ten times. China (X units) ranked third with X% of total imports.
From 2012 to 2021, the average annual growth rate of sales from Ireland will total -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Austria (+X% per annum) and China (+X% per annum).
Ireland ($X) is New Zealand's largest supplier of transport and overhead cranes by value, accounting for X% of total imports. In second place is Austria ($X) with X% of total imports. It is followed by Australia with an X% share. From 2012 to 2021, Ireland will experience an average annual value growth rate of -X%. The average annual growth rates of imports by the remaining suppliers are as follows: Austria (+X% per annum) and Australia (+X% per annum)
Ireland is New Zealand's largest supplier of transport and overhead cranes by value, accounting for 90% of total imports. In second place is Austria, which accounts for 3.5% of total imports. It is followed by Australia with a share of 1.3%.
In value terms, Kuwait remains the main foreign market for New Zealand's transport aircraft and overhead crane exports.
In 2021, the average export price of transporters and overhead cranes will be USD 3,105 per unit, a decrease of -19.1% from the previous year.
In 2021, the average import price of transporters and overhead cranes will be $4,803 per unit, up 7% from the previous year.
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