China - Spades And Shovels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Spades and Shovels Export Increases Significantly to $75M in March 2023
China Spades And Shovels Exports
Spades and shovels exports from China surged to 12K tons in March 2023, picking up by 110% on February 2023 figures. Over the period under review, total exports indicated a tangible expansion from March 2022 to March 2023: its volume increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports increased by +110.3% against February 2023 indices.
In value terms, spades and shovels exports skyrocketed to $75M (IndexBox estimates) in March 2023. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| COUNTRY | Export Value of Spades And Shovels in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Vietnam | 0.9 | 1.1 | 1.3 | 2.0 | 2.6 | 0.8 | 0.8 | 1.4 | 2.9 | 2.0 | 1.1 | 2.1 | 7.9 |
| Pakistan | 0.7 | N/A | 1.3 | 0.9 | 2.1 | 1.0 | 2.3 | 5.3 | 9.0 | 5.0 | 1.8 | 0.9 | 7.0 |
| United States | 6.8 | 6.5 | 6.4 | 7.5 | 7.6 | 6.2 | 4.4 | 4.5 | 3.6 | 5.2 | 6.0 | 2.3 | 6.6 |
| Ghana | 1.0 | 1.3 | 3.5 | 3.0 | 2.3 | 1.8 | 1.0 | 1.8 | 2.2 | 2.1 | 3.1 | 0.9 | 5.4 |
| Philippines | 0.4 | 0.5 | 2.9 | 3.5 | 2.9 | 1.9 | 2.1 | 5.0 | 3.8 | 4.5 | 4.1 | 1.1 | 5.0 |
| India | 0.2 | 0.2 | 0.3 | 0.6 | 0.7 | 1.1 | 0.6 | 0.4 | 0.5 | 1.2 | 0.8 | 0.2 | 1.9 |
| Russia | 0.4 | 0.6 | 0.7 | 0.8 | 1.2 | 1.7 | 1.0 | 1.0 | 1.5 | 1.9 | 1.6 | 1.3 | 1.7 |
| Kazakhstan | 0.1 | 0.5 | 0.4 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.4 | 0.3 | 0.2 | 0.1 | 1.2 |
| South Korea | 0.4 | 0.4 | 0.9 | 0.8 | 0.3 | 0.6 | 0.5 | 0.3 | 0.5 | 0.4 | 0.3 | 0.3 | 1.0 |
| Nigeria | 0.4 | 0.3 | 0.4 | 0.7 | 0.4 | 0.5 | 1.4 | 1.3 | 0.9 | 0.9 | 2.3 | 1.0 | 1.0 |
| United Arab Emirates | 0.3 | 0.3 | 0.7 | 0.5 | 0.4 | 0.5 | 0.7 | 0.5 | 1.1 | 0.8 | 0.4 | 0.2 | 0.9 |
| Uzbekistan | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 0.5 |
| Kenya | 0.1 | 0.2 | 1.2 | 0.9 | 0.5 | 0.4 | 0.5 | 0.3 | 0.5 | 0.7 | 0.2 | 0.1 | 0.5 |
| Others | 17.2 | 14.9 | 24.7 | 31.0 | 28.6 | 21.3 | 27.0 | 23.4 | 38.5 | 34.4 | 34.5 | 13.7 | 34.9 |
| Total | 29.0 | 26.8 | 44.9 | 52.7 | 50.0 | 38.3 | 42.6 | 45.5 | 65.4 | 59.5 | 56.7 | 24.6 | 75.4 |
Exports by Country
The United States (1.1K tons), Vietnam (627 tons) and Russia (601 tons) were the main destinations of spades and shovels exports from China, together comprising 19% of total exports. Uzbekistan, Nigeria, Ghana, India, the Philippines, Pakistan, the United Arab Emirates, South Korea, Kazakhstan and Kenya lagged somewhat behind, together accounting for a further 29%.
From March 2022 to March 2023, the biggest increases were in Uzbekistan (with a CAGR of +19.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for spades and shovels exported from China were Vietnam ($7.9M), Pakistan ($7M) and the United States ($6.6M), together accounting for 28% of total exports. These countries were followed by Ghana, the Philippines, India, Russia, Kazakhstan, Nigeria, South Korea, the United Arab Emirates, Kenya and Uzbekistan, which together accounted for a further 25%.
the Philippines, with a CAGR of +22.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In March 2023, the spades and shovels price amounted to $6,274 per ton (FOB, China), surging by 46% against the previous month. Over the period under review, export price indicated a prominent expansion from March 2022 to March 2023: its price increased at an average monthly rate of +5.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, spades and shovels export price increased by +45.5% against February 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Pakistan ($22,481 per ton), while the average price for exports to Uzbekistan ($979 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the spades and shovels market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25731010 - Spades and shovels
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
