Australia: 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 Australia

In 2022, shipments abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes decreased by -8.9% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when exports increased by 109% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ship derrick buckets and shovels exports expanded markedly to $X in 2022. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by 78% 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), New Zealand (X units) and Canada (X units) were the main destinations of ship derrick buckets and shovels exports from Australia, with a combined 52% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +94.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), New Zealand ($X) and Canada ($X) were the largest markets for ship derrick buckets and shovels exported from Australia worldwide, together accounting for 51% of total exports. These countries were followed by the United States, Papua New Guinea, the Netherlands, Tuvalu, Tanzania, Indonesia, New Caledonia, Brazil, Japan and South Africa, which together accounted for a further 34%.

Among the main countries of destination, Tanzania, with a CAGR of +81.9%, recorded 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

In 2022, the average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, with an increase of 19% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per unit) and Tanzania ($X per unit), while the average price for exports to Tuvalu ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

In 2022, overseas purchases of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 26% to X units, rising for the third consecutive year after two years of decline. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 +127.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 79%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, ship derrick buckets and shovels imports skyrocketed to $X in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 95% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ship derrick buckets and shovels to Australia, with a 54% share of total imports. Moreover, ship derrick buckets and shovels imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The United States (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+28.4% per year) and the United States (-1.5% per year).

In value terms, China ($X) constituted the largest supplier of buckets, shovels, grabs and grips for ships’ derricks and cranes to Australia, comprising 54% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by the United States, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+40.6% per year) and the United States (-1.6% per year).

Import Prices by Country

In 2022, the average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, dropping by -1.6% against the previous year. Overall, the import price, however, recorded resilient growth. The growth pace was the most rapid in 2018 when the average import price increased by 53%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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