sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery

 

Sail-World.com : NZ Marine industry forecasts growth despite global gloom

NZ Marine industry forecasts growth despite global gloom

'Peter Busfield.'    NZ Marine

The New Zealand marine industry is expecting grow at a rate of around 8% per annum over the next decade and to increase its level of exports by almost $1 billion.

These figures were released by NZ Marine executive director Peter Busfield and are based on an independent survey of the industry by Market Economics.

Mr Busfield says the survey shows that, despite the recent international economic problems, many marine industry sectors were expecting strong growth over the next 10 years.

'As a whole, our industry is expecting to grow from its present size of nearly $1.7 billion to over $3.7 billion by 2021. That growth will see us create around 9700 additional jobs and, if everything goes according to plan, we will be contributing approximately $1.54 billion per year to New Zealand’s export earnings.'

The survey showed that the industry is currently worth around $1.7 billion to the New Zealand economy, of which $642 million is exported. The superyacht sector, almost all of which involves local-built vessels for offshore clients, was responsible for almost a third of that ($198 million). Other sectors with a strong export focus, especially sales of locally manufactured marine equipment and the refit and maintenance of visiting offshore-based vessels, were also strong contributors.

'Particularly pleasing,' says Mr Busfield, 'is that exports of recreational vessels reached $271 million last year. 'This is almost back to 2008 levels when these sectors hit a peak of $275 million in export sales.'

Mr Busfield says the latest survey again shows the benefits of staging major marine events in New Zealand.

'Since 2000, when we staged the first defence of the America’s Cup in Auckland, attracting significant numbers of superyachts and racing yacht specialists, our recreational vessel exports have continued to climb.

'They are now almost double what they were in 2000 and almost treble what they were in the decade prior to that.'

Mr Busfield says that success graphically illustrates the importance of staging major events here.

'That is why we rescheduled the Auckland International Boat Show for this week, to profile our industry and its innovative boats and products to the tens of thousands of visitors here for the Rugby World Cup.

'It is also why we are staging the world’s first Superyacht Captains’ Forum here in the Viaduct at the same time, bringing together well over 100 of the most influential people in this sector -- and why we are so enthusiastic about the Volvo Round the World race stopover here next March.'

Mr Busfield says he believes the New Zealand marine industry has weathered the global financial crisis better than most.

'While sales this year are 29% lower than we forecast in 2008, this survey shows our member companies expect to recapture much of that shortfall by 2015 and to keep growing strongly from there.'

He says one of the reasons the industry is in such a strong position to grow is the importance it continues to place on training highly skilled craftspeople.

'The New Zealand Marine Industry Training Organisation (NZMITO) is generally regarded as the best of its type anywhere in the world and the envy of many other countries,' he says. 'Over the past few years NZMITO has helped more than 1000 young apprentices complete their National Certificates in a wide range of practical disciplines. These young men and women are now ell on their way to becoming the world’s best boatbulders, sparmakers, marine engineers and the like.

'Over the past decade, NZMITO has placed special emphasis on the skills demanded by our fastest growing sectors and those with the most potential, such as superyacht refits, and the industry as a whole is now reaping the benefits.'

Mr Busfield does, however, sound one note of caution.

'The forecast figures, especially those relating to our strong export sectors, do look very promising. However, in order to achieve this expected growth, we will need the infrastructure and facilities we have been promised in places like Auckland’s Wynyard Quarter and Hobsonsville.

'We cannot stress too strongly how important these are to the marine industry and its ability to continue to strongly contribute to the New Zealand economy and its export growth.'




by NZ Marine

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=89046

10:45 PM Wed 28 Sep 2011 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.


News - USA and the World

Soling North American Championship concludes on Lake Erie by Canadian International Soling Association,






































Starboard Hatteras Wave Jam day 5 by American Windsurfing Tour,


















470 Men and Women Worlds - Champions decided in Santander by International 470 Class Association,










ISAF Sailing Worlds, Santander: Scott all set to lift Finn world title
ISAF Sailing Worlds - 470 Men's medal race images by Thom Touw
ISAF Sailing Worlds, Santander - Aussies and Austrians claim 470 gold
ISAF Sailing Worlds, Santander: 470 awards images by Sail-World.com
ISAF Sailing Worlds, Santander - 470 medal race images by Jesus Renedo
Annapolis-to-Newport Race - 'What to Expect' Seminar to take place
Royal Cup Marina Ibiza - No racing on penultimate day
Belcher takes record fifth 470 World Championship
ISAF Sailing World Championships - Santander - Day 8 video highlights
2014 Great Lakes Team Racing Championship about to set off
2014 Etchells North American Championship - Day 1
2014 U.S. Multihull Championship - Day 1
2014 Chicago Match Cup - Repechage top four determined in final flight
J/24 World Championship - 35th anniversary preview
470 Men and Women Worlds - Santander medal race line-up confirmed
ISAF Sailing Worlds, Santander - Day 8 images by Sail-World.com
Royal Cup Marina Ibiza - Quantum Racing stumbles in coastal race
ISAF Sailing Worlds, Santander - Americans ready for 470 medal races
ISAF Sailing Worlds, Santander: Action ramps up with end zone in sight
Big Boat Series - It's not the size, it's the length
ISAF Sailing World Championships Santander - Double French RS:X gold   
ISAF Sailing Worlds, Santander - Day 8 images by Sailing Energy   
ISAF Sailing Worlds - Finn leaders emerge from shifty Santander breeze   
ISAF Sailing Worlds, Santander - RS:X winner images by Barbara Sanchez   
ISAF Sailing Worlds, Santander - Rio 2016 470 spots awarded   
52 Super Series 2015 - Outlook looks hot for the 52 Super Series   
Starboard Hatteras Wave Jam - Another early start on day 4   
ISAF Sailing World - First entry leaves sailor's reputation in tatters   
2014 Chicago Match Cup - Four go through to quarter finals   
470 Men and Women Worlds - Champs take over leaderboard   
ISAF Sailing World Champ - Buckingham finishes with career-best result   
America's Cup: Oracle's Larry Ellison to step down as CEO   
Classic Yacht Regatta - Sonny takes top classic prize   
ISAF Sailing Worlds, Santander - Buckingham finishes with career best   
ISAF Sailing Worlds, Santander - Rio 2016 RS:X spots claimed   
ISAF Sailing Worlds - Leaderboards shaping up in Santander + Video   
ISAF Sailing Worlds, Santander - Giles Scott continues to extend lead   
ISAF Sailing Worlds, Santander - Day 7 images by Sailing Energy   
ISAF Sailing Worlds - Laser and Radial winner images by Jesus Renedo   
ISAF Sailing Worlds, Santander - Medal Race images by Sail-World.com   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW US
LocalAds   DE  ES  FR  IT