New Zealand: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in New Zealand

In 2022, the New Zealand special vehicle body market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Special Vehicle Body Production in New Zealand

In value terms, special vehicle body production dropped modestly to $X in 2022 estimated in export price. In general, production, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Special Vehicle Body Exports

Exports from New Zealand

In 2022, overseas shipments of bodies for special purpose motor vehicles were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, special vehicle body exports skyrocketed to $X in 2022. Over the period under review, exports saw a tangible expansion. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for special vehicle body exports from New Zealand, accounting for a X% share of total exports. Moreover, special vehicle body exports to Australia exceeded the volume sent to the second major destination, Pakistan (X units), threefold. The third position in this ranking was held by Fiji (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Fiji (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for bodies for special purpose motor vehicles exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports. It was followed by Samoa, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Samoa (X% per year).

Export Prices by Country

The average special vehicle body export price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Fiji ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Special Vehicle Body Imports

Imports into New Zealand

In 2022, overseas purchases of bodies for special purpose motor vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, special vehicle body imports skyrocketed to $X in 2022. Over the period under review, imports recorded tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X units), Japan (X units) and Spain (X units) were the main suppliers of special vehicle body imports to New Zealand, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of bodies for special purpose motor vehicles to New Zealand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average special vehicle body import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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