Algeria: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2024

Exports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Exports from Algeria

In 2022, overseas shipments of buckets, shovels, grabs and grips for ships’ derricks and cranes were finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 241%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ship derrick buckets and shovels exports fell modestly to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 196% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for ship derrick buckets and shovels exports from Algeria, accounting for a 73% share of total exports. Moreover, ship derrick buckets and shovels exports to Italy exceeded the volume sent to the second major destination, Romania (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +61.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+3.3% per year) and Portugal (+7.2% per year).

In value terms, Italy ($X) remains the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Algeria, comprising 66% of total exports. The second position in the ranking was taken by Portugal ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+10.5% per year) and Romania (-7.5% per year).

Export Prices by Country

The average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, reducing by -68.1% against the previous year. Overall, the export price faced a deep slump. The growth pace was the most rapid in 2021 when the average export price increased by 130% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Romania ($X 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 Portugal (+2.9%), while the prices for the other major destinations experienced a decline.

Imports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Imports into Algeria

In 2022, purchases abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes was finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, ship derrick buckets and shovels imports dropped slightly to $X in 2022. In general, imports, however, saw a mild slump. The pace of growth appeared the most rapid in 2019 with an increase of 74% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest ship derrick buckets and shovels supplier to Algeria, accounting for a 37% share of total imports. Moreover, ship derrick buckets and shovels imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by China (X units), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.9% per year) and China (-0.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of buckets, shovels, grabs and grips for ships’ derricks and cranes to Algeria, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+19.3% per year) and France (+2.7% per year).

Import Prices by Country

The average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, reducing by -6.3% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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