Central Asia: 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 Central Asia

After two years of decline, the Central Asian market for buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 4.8% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, ship derrick buckets and shovels production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. As a result, production reached 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 Central Asia

Ship derrick buckets and shovels exports contracted rapidly to X units in 2022, with a decrease of -21.9% against the year before. In general, exports saw a slight contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 283%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ship derrick buckets and shovels exports contracted remarkably to $X in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 410%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Kazakhstan (X units) was the major exporter of buckets, shovels, grabs and grips for ships’ derricks and cranes, generating 63% of total exports. Uzbekistan (X units) ranks second in terms of the total exports with a 15% share, followed by Tajikistan (10%) and Turkmenistan (7.8%). Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ship derrick buckets and shovels exports from Kazakhstan stood at +9.3%. At the same time, Uzbekistan (+37.5%) and Tajikistan (+18.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +37.5% from 2012-2022. By contrast, Turkmenistan (-10.1%) and Kyrgyzstan (-27.3%) illustrated a downward trend over the same period. Kazakhstan (+41 p.p.), Uzbekistan (+15 p.p.) and Tajikistan (+8.7 p.p.) significantly strengthened its position in terms of the total exports, while Turkmenistan and Kyrgyzstan saw its share reduced by -11.7% and -51.6% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest ship derrick buckets and shovels supplier in Central Asia, comprising 59% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 16% share of total exports. It was followed by Tajikistan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at +7.6%. In the other countries, the average annual rates were as follows: Turkmenistan (-11.2% per year) and Tajikistan (-2.9% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, shrinking by -1.8% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 33%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (-1.3%), while the other leaders experienced a decline in the export price figures.

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

Imports in Central Asia

In 2022, the amount of buckets, shovels, grabs and grips for ships’ derricks and cranes imported in Central Asia stood at X units, increasing by 3.1% compared with the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 41% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports dropped modestly to $X in 2022. Over the period under review, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan was the largest importing country with an import of around X units, which recorded 54% of total imports. Mongolia (X units) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (14%), Tajikistan (5.9%) and Uzbekistan (5.9%). Turkmenistan (X units) held a little share of total imports.

Imports into Kazakhstan increased at an average annual rate of +3.0% from 2012 to 2022. At the same time, Uzbekistan (+31.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +31.4% from 2012-2022. Tajikistan and Mongolia experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (-3.8%) and Turkmenistan (-11.0%) illustrated a downward trend over the same period. Kazakhstan (+10 p.p.) and Uzbekistan (+5.9 p.p.) significantly strengthened its position in terms of the total imports, while Mongolia, Turkmenistan and Kyrgyzstan saw its share reduced by -3%, -4% and -8.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported buckets, shovels, grabs and grips for ships’ derricks and cranes in Central Asia, comprising 60% of total imports. The second position in the ranking was taken by Mongolia ($X), with a 22% share of total imports. It was followed by Uzbekistan, with a 7.2% share.

In Kazakhstan, ship derrick buckets and shovels imports contracted by an average annual rate of -3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mongolia (-4.3% per year) and Uzbekistan (+24.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, falling by -6.3% against the previous year. Over the period under review, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2018 when the import price increased by 16% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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