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

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

The Belgian market for buckets, shovels, grabs and grips for ships’ derricks and cranes fell remarkably to $X in 2022, which is down by -26.8% against the previous year. Over the period under review, consumption continues to indicate a noticeable decrease. Ship derrick buckets and shovels consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

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

In value terms, ship derrick buckets and shovels production reached $X in 2022 estimated in export price. In general, production showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 67%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports from Belgium

In 2022, overseas shipments of buckets, shovels, grabs and grips for ships’ derricks and cranes decreased by -66.8% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 141%. Over the period under review, the exports reached the maximum at X units in 2021, and then reduced rapidly in the following year.

In value terms, ship derrick buckets and shovels exports contracted notably to $X in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 159% against the previous year. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

France (X units) was the main destination for ship derrick buckets and shovels exports from Belgium, with a 21% share of total exports. Moreover, ship derrick buckets and shovels exports to France exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was taken by Germany (X units), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-4.2% per year) and Germany (+3.4% per year).

In value terms, France ($X) remains the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Belgium, comprising 22% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 7.5% share of total exports. It was followed by the United Arab Emirates, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-7.3% per year) and the United Arab Emirates (+4.1% 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, picking up by 8.4% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 30%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per unit), while the average price for exports to Luxembourg ($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 Mali (+2.3%), 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 Belgium

In 2022, supplies from abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes decreased by -46.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of ship derrick buckets and shovels to Belgium, with a 35% share of total imports. Moreover, ship derrick buckets and shovels imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Hungary (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+43.2% per year) and Hungary (-12.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of buckets, shovels, grabs and grips for ships’ derricks and cranes to Belgium, comprising 37% of total imports. The second position in the ranking was held by France ($X), with an 8.4% share of total imports. It was followed by Hungary, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-14.3% per year) and Hungary (-10.2% 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, waning by -8.8% against the previous year. Overall, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 6.3%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :