Price for Vehicles; Mobile Drilling Derricks in New Zealand - 2023

Contents:

1. Price for Vehicles; Mobile Drilling Derricks in New Zealand (CIF) - 2023
2. Price for Vehicles; Mobile Drilling Derricks in New Zealand (FOB) - 2022
3. Imports of Vehicles; Mobile Drilling Derricks in New Zealand
4. Exports of Vehicles; Mobile Drilling Derricks in New Zealand

Price for Vehicles; Mobile Drilling Derricks in New Zealand (CIF) - 2023

The average vehicles; mobile drilling derricks import price stood at $1.3M per unit in June 2023, increasing by 75% against the previous month. Overall, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From May 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to 0.0% per month.

Price for Vehicles; Mobile Drilling Derricks in New Zealand (FOB) - 2022

The average vehicles; mobile drilling derricks export price stood at $241,047 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price showed significant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 440% against the previous year. Over the period under review, the average export prices attained the maximum at $482,093 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($625,982 per unit), while the average price for exports to Tonga ($42,224 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 Tonga (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Mobile Drilling Derricks in New Zealand

In 2022, purchases abroad of vehicles; mobile drilling derrickses decreased by -20% to 4 units, falling for the second consecutive year after two years of growth. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, imports attained the peak of 6 units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, vehicles; mobile drilling derricks imports dropped to $241K in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 555%. Over the period under review, imports hit record highs at $281K in 2021, and then dropped in the following year.

Top Suppliers of Vehicles; Mobile Drilling Derricks to New Zealand in 2022:

1. United States (1.0 units)
2. Canada (1.0 units)
3. Australia (1.0 units)
4. Fiji (1.0 units)

Exports of Vehicles; Mobile Drilling Derricks in New Zealand

Vehicles; mobile drilling derricks exports from New Zealand was estimated at 3 units in 2022, stabilizing at 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, vehicles; mobile drilling derricks exports stood at $723K in 2022. In general, exports saw a precipitous contraction. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs at $1.4M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Top Export Markets for Vehicles; Mobile Drilling Derricks from New Zealand in 2022:

1. Tonga (1.0 units)
2. Australia (1.0 units)
3. Fiji (1.0 units)

Source: IndexBox Market Intelligence Platform