Denmark: 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 Denmark

In 2022, the Danish market for buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 19% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, saw a pronounced decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, ship derrick buckets and shovels production fell significantly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 103%. As a result, production attained the peak level of $X, and then plummeted in the following year.

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

Exports from Denmark

In 2022, overseas shipments of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 11% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports surged to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X units) was the main destination for ship derrick buckets and shovels exports from Denmark, accounting for a 68% share of total exports. Moreover, ship derrick buckets and shovels exports to Sweden exceeded the volume sent to the second major destination, Belgium (X units), fivefold. The third position in this ranking was held by the Netherlands (X units), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+85.2% per year) and the Netherlands (+21.0% per year).

In value terms, Sweden ($X) remains the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Denmark, comprising 60% of total exports. The second position in the ranking was held by Belgium ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+77.6% per year) and the Netherlands (+16.4% per year).

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, picking up by 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2013 an increase of 20%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Sweden ($X per unit) and Belgium ($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 Norway (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Denmark

In 2022, overseas purchases of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 56% to X units, rising for the third consecutive year after two years of decline. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 85% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, ship derrick buckets and shovels imports surged to $X in 2022. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of ship derrick buckets and shovels to Denmark, with a 45% share of total imports. Moreover, ship derrick buckets and shovels imports from Sweden exceeded the figures recorded by the second-largest supplier, Finland (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to +28.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+33.5% per year) and Italy (+19.3% per year).

In value terms, the largest ship derrick buckets and shovels suppliers to Denmark were Germany ($X), Sweden ($X) and Italy ($X), together comprising 57% of total imports. The Netherlands, Poland, Finland, India and China lagged somewhat behind, together comprising a further 30%.

Poland, with a CAGR of +77.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, with an increase of 19% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 83%. Over the period under review, average import prices hit record highs 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 Poland ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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