Brazil: 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 Brazil

In 2022, approx. X units of buckets, shovels, grabs and grips for ships’ derricks and cranes were exported from Brazil; picking up by 15% on 2021 figures. Over the period under review, exports, however, recorded a slight reduction. The growth pace was the most rapid in 2018 when exports increased by 383%. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports surged to $X in 2022. In general, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when exports increased by 786%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for ship derrick buckets and shovels exports from Brazil, accounting for a 34% share of total exports. Moreover, ship derrick buckets and shovels exports to the United States exceeded the volume sent to the second major destination, Belgium (X units), twofold. The third position in this ranking was taken by Peru (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.1% per year) and Peru (-1.2% per year).

In value terms, the largest markets for ship derrick buckets and shovels exported from Brazil were the United States ($X), Belgium ($X) and Peru ($X), together accounting for 64% of total exports. Chile, Argentina, Australia, Paraguay, Bolivia, Uruguay, Morocco and Mexico lagged somewhat behind, together accounting for a further 30%.

Bolivia, with a CAGR of +91.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, with an increase of 25% against the previous year. In general, the export price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 83% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Mexico ($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 the United States (+7.0%), 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 Brazil

In 2022, supplies from abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 15% to X units, rising for the sixth consecutive year after three years of decline. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 268% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, ship derrick buckets and shovels imports expanded notably to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 375%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest ship derrick buckets and shovels supplier to Brazil, accounting for a 68% share of total imports. Moreover, ship derrick buckets and shovels imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. Denmark (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.4% per year) and Denmark (+67.3% per year).

In value terms, China ($X) constituted the largest supplier of buckets, shovels, grabs and grips for ships’ derricks and cranes to Brazil, comprising 43% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Canada, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.6% per year) and Canada (+16.4% 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 -2.8% against the previous year. In general, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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