Full steam ahead: Rising trade volumes have allowed industry firms to shrug off lower prices

Operators in the Water Freight Transport industry have benefited from New Zealand's rising level of international trade over the past five years. The ongoing globalisation of many New Zealand industries has boosted demand for water freight services over the period. In addition, trade agreements, such as the New Zealand-Korea Free Trade Agreement that entered into force in 20 December 2015, have further facilitated international trade over the past five years, supporting industry demand. Industry revenue is expected to rise at an annualised 2.1% over the five years through 2017-18, to reach $432.3 million. This includes projected growth of 4.1% in the current year...read more.

Industry Statistics & Market Size
Revenue
$432m
Annual Growth 13-18
2.1%
Forecast Growth 18-23
Profit
Employment
790
Businesses
116

Industry Threats & Opportunities

  • The ongoing globalisation of many industries is boosting demand for water freight services
  • The total mass of imports and exports by sea has increased over the past five years
  • Projected international trade increases will boost demand for the industry’s services
  • Industry Report - Starting a New Business Chapter

    The Water Freight Transport industry is characterised by high and increasing barriers to entry. Entering the industry requires significant start-up costs, with the acquisition of a vessel representing the main barrier, although ships can be leased. The industry's high level of competition represents another hurdle for potential entrants. Larger incumbent operators, particularly foreign multinational shipping companies, benefit from larger vessels and economies of scale given their relative size.The global shift towards larger vessels and more regular services makes it difficult for new entrants to operate viably, particularly as the industry is facing an oversupply of capacity. Fle...purchase to read more.

    Additional Insights for the Water Freight Transport Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Water Freight Transport Industry are

  • Economies of scale
  • Economies of scope
  • Output is sold under contract - incorporate long-term sales contracts
  • IBISWorld analysts also discuss how external factors such as Total mass of exports by sea and Total mass of imports by sea in the Water Freight Transport industry impact industry performance..

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    What's in this report

    What is the Water Freight Transport in New Zealand Industry?

    Operators in the Water Freight Transport industry primarily run vessels that transport freight by water. Freight ferry and harbour freight transport services are also included in the industry.

    Industry Products
  • Container ships
  • General cargo ships
  • Bulk cargo ships
  • Oil and chemical tankers
  • Industry Activities
  • Coastal sea freight transport services between domestic ports
  • Freight ferry services
  • Harbour freight transport services
  • International sea freight transport services between domestic and international ports
  • River freight transport services
  • Ship freight management services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total mass of exports by sea
  • Total mass of imports by sea
  • Trade-weighted index
  • Demand from rail transport

  • Current Performance
  • Revenue and profitability
  • International trade
  • Prices
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Industry structure and technology
  • Table: Water Freight Transport Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Water Freight Transport Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Meat Processing in New Zealand
  • Customs Agency and Freight Forwarding Services in New Zealand
  • Cheese, Butter and Milk Powder Manufacturing in New Zealand

  • Key Selling Industries
  • Port and Water Transport Terminals in New Zealand
  • Stevedoring and Water Transport Support Services in New Zealand

  • Products & Services
  • Container ships
  • Oil and chemical tankers
  • Bulk cargo ships
  • General cargo ships
  • Chart: Water Freight Transport Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Agricultural firms
  • Other
  • Freight forwarders
  • Food and beverage manufacturers
  • Machinery and vehicle parts manufacturers
  • Chart: Major Market Segmentation for the Water Freight Transport 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 Water Freight Transport

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Water Freight Transport Industry

  • Industry Globalization
    Sofrana Unilines (N.Z.) Limited, Silver Fern Shipping Limited, The China Navigation Company NZ Limited,
  • Table: Sofrana Unilines (N.Z.) Limited - financial performance
  • Table: Silver Fern Shipping Limited - financial performance
  • Table: The China Navigation Company NZ Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Water Freight Transport 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 Water Freight Transport 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
    Break Bulk Cargo
  • Cargo that cannot fit or use standardised containers for transport and cannot be uniformly stacked or packaged.
  • Port Of Call
  • An intermediate stop for ships to unload and load cargo and refill fuel and supplies.
  • Teu
  • Twenty-foot equivalent unit
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Water Freight Transport in New Zealand market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Water Freight Transport 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 Water Freight Transport 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 Water Freight Transport 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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