Ship shape: Increased international trade has boosted industry revenue over the past five years

The Customs Agency and Freight Forwarding Services industry provides services to entities that need to move goods within or across New Zealand's borders. Customs agents help their clients satisfy legal requirements and ensure that they have the appropriate export and import documentation. Freight forwarders purchase transport space from freight transport operators to move goods (nationally or internationally) on behalf of their clients. Demand for industry services has grown over the past five years, largely due to a rise in New Zealand's international trade activity. Industry revenue is forecast to increase by an annualised 1.2% over the five years through 2017-18, to reach $844.5 million. This includes projected growth of 4.2% in the current year...read more.

Industry Statistics & Market Size
Revenue
$845m
Annual Growth 13-18
1.2%
Forecast Growth 18-23
Profit
Employment
3,350
Businesses
978
Market Share of Companies

Industry Threats & Opportunities

  • New free trade agreements and the reduction of tariffs on New Zealand products have boosted export volumes
  • Higher transportation costs are expected to decrease profit margins
  • The projected rise in international trade will boost demand for industry services
  • Industry Report - Industry Investment Chapter

    The Customs Agency and Freight Forwarding Services industry exhibits a low level of capital intensity. IBISWorld expects that in 2017-18, an estimated $0.11 will be spent on capital costs for every dollar spent on wages. Industry operators depend on labour for trade document preparation, sales, marketing, packaging, finance and other expertise required for customs agency and freight forwarding services. While the industry facilitates freight transport services, it does not directly own transportation assets. Some diversified players own transportation assets, but the ownership and operation of costs of these assets are not included in the industry. As a result, the industry’s overall capital costs are low. Cap...purchase to read more.

    Additional Insights for the Customs Agency and Freight Forwarding Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Customs Agency and Freight Forwarding Services Industry are

  • Market research and understanding
  • Experienced workforce
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Value of merchandise trade exports and Value of merchandise trade imports in the Customs Agency and Freight Forwarding Services industry impact industry performance..

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    What's in this report

    What is the Customs Agency and Freight Forwarding Services in New Zealand Industry?

    The industry provides advice on import and export procedures and documentation, and contracts the transportation of goods for other enterprises.

    Industry Products
  • Road freight forwarding
  • Rail, water and air freight forwarding
  • Customs agency service
  • Industry Activities
  • Customs agency service provision
  • Customs clearance service provision
  • Export and import documentation preparation service provision
  • Road freight forwarding
  • Rail freight forwarding
  • Water freight forwarding
  • Air freight forwarding
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of merchandise trade exports
  • Value of merchandise trade imports
  • Private capital expenditure on machinery and equipment
  • Demand from wholesale trade

  • Current Performance
  • Demand trends
  • Industry profitability and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising international trade
  • Increasing trade liberalisation
  • Profitability and industry structure
  • Table: Customs Agency and Freight Forwarding Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Customs Agency and Freight Forwarding Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Meat Processing in New Zealand
  • Milk and Cream Processing in New Zealand
  • Car Wholesaling in New Zealand
  • Clothing Retailing in New Zealand

  • Key Selling Industries
  • Road Freight Transport in New Zealand
  • Warehousing and Storage Services in New Zealand
  • Water Freight Transport in New Zealand

  • Products & Services
  • Road freight forwarding
  • Rail, water and air freight forwarding
  • Customs agency service
  • Chart: Customs Agency and Freight Forwarding Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers and retailers
  • Manufacturers
  • Other markets
  • Chart: Major Market Segmentation for the Customs Agency and Freight Forwarding Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Customs Agency and Freight Forwarding Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Customs Agency and Freight Forwarding Services Industry

  • Industry Globalization
    Mainfreight Limited,
  • Table: Mainfreight Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Customs Agency and Freight Forwarding Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Customs Agency and Freight Forwarding Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Customs Brokerage
  • The delivery of services to provide clearance from customs for goods being imported or exported.
  • Free Trade Agreement (Fta)
  • An agreement made between two or more countries to reduce the barriers to trade between each other
  • Malware
  • A term used to refer to a variety of hostile or intrusive software, including computer viruses
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Customs Agency and Freight Forwarding Services in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Customs Agency and Freight Forwarding Services in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Customs Agency and Freight Forwarding Services in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Customs Agency and Freight Forwarding Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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