Asia-Pacific: 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 Asia-Pacific

The Asia-Pacific market for buckets, shovels, grabs and grips for ships’ derricks and cranes was estimated at $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in Asia-Pacific

In value terms, ship derrick buckets and shovels production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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

Exports in Asia-Pacific

In 2022, approx. X units of buckets, shovels, grabs and grips for ships’ derricks and cranes were exported in Asia-Pacific; jumping by 24% against the previous year's figure. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, ship derrick buckets and shovels exports soared to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.6% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 46%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China represented the major exporting country with an export of about X units, which reached 65% of total exports. It was distantly followed by India (X units) and South Korea (X units), together mixing up a 21% share of total exports. The following exporters - Malaysia (X units), Thailand (X units), Singapore (X units) and Indonesia (X units) - together made up 11% of total exports.

From 2012 to 2022, average annual rates of growth with regard to ship derrick buckets and shovels exports from China stood at +10.2%. At the same time, Thailand (+37.1%), India (+30.6%), Indonesia (+17.4%), Singapore (+7.5%) and Malaysia (+6.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +37.1% from 2012-2022. By contrast, South Korea (-5.9%) illustrated a downward trend over the same period. China (+15 p.p.), India (+10 p.p.) and Thailand (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -24.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ship derrick buckets and shovels supplier in Asia-Pacific, comprising 46% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports. It was followed by India, with a 13% share.

In China, ship derrick buckets and shovels exports increased at an average annual rate of +11.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-4.3% per year) and India (+24.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, falling by -1.5% against the previous year. Over the period under review, the export price saw a slight reduction. The pace of growth was the most pronounced in 2015 an increase of 14%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.2%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia-Pacific

In 2022, supplies from abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 12% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Australia (X units), distantly followed by South Korea (X units), Japan (X units), Indonesia (X units), Singapore (X units), Thailand (X units) and New Zealand (X units) were the largest importers of buckets, shovels, grabs and grips for ships’ derricks and cranes, together achieving 78% of total imports. The Philippines (X units), China (X units), Vietnam (X units), Malaysia (X units), Myanmar (X units) and Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +36.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels importing markets in Asia-Pacific were Australia ($X), Indonesia ($X) and Singapore ($X), together comprising 54% of total imports. These countries were followed by Japan, South Korea, New Zealand, the Philippines, China, Thailand, Myanmar, Malaysia, Vietnam and Taiwan (Chinese), which together accounted for a further 39%.

Myanmar, with a CAGR of +39.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 Asia-Pacific amounted to $X per unit, surging by 13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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