ASEAN: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2025

Market Size for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in ASEAN

The ASEAN market for buckets, shovels, grabs and grips for ships’ derricks and cranes rose rapidly to $X in 2022, picking up by 6.2% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.6% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in ASEAN

In value terms, ship derrick buckets and shovels production totaled $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 49% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in ASEAN

In 2022, ship derrick buckets and shovels exports in ASEAN skyrocketed to X units, increasing by 46% compared with the year before. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 276% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports soared to $X in 2022. Overall, exports showed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 318%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X units), distantly followed by Thailand (X units), Singapore (X units) and Indonesia (X units) represented the major exporters of buckets, shovels, grabs and grips for ships’ derricks and cranes, together committing 96% of total exports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +37.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 85% of total exports. Thailand and Vietnam lagged somewhat behind, together accounting for a further 14%.

In terms of the main exporting countries, Thailand, with a CAGR of +31.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, growing by 9.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 when the export price increased by 11% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in ASEAN

In 2022, overseas purchases of buckets, shovels, grabs and grips for ships’ derricks and cranes were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports surged to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of ship derrick buckets and shovels imports in 2022 were Indonesia (X units), Singapore (X units) and Thailand (X units), together amounting to 70% of total import. The Philippines (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (6.4%), Malaysia (5.7%) and Myanmar (5.5%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +36.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels importing markets in ASEAN were Indonesia ($X), Singapore ($X) and the Philippines ($X), with a combined 77% share of total imports. Thailand, Myanmar, Malaysia and Vietnam lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Myanmar, with a CAGR of +39.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, with an increase of 13% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ship derrick buckets and shovels import price increased by +82.7% against 2017 indices. The pace of growth was the most pronounced in 2019 an increase of 25% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform