Egypt: 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 Egypt

The Egyptian market for buckets, shovels, grabs and grips for ships’ derricks and cranes contracted modestly to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

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

In value terms, ship derrick buckets and shovels production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 37% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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

Exports from Egypt

In 2022, the amount of buckets, shovels, grabs and grips for ships’ derricks and cranes exported from Egypt surged to X units, growing by 20% on 2021 figures. In general, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 812% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports stood at $X in 2022. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 633%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for ship derrick buckets and shovels exports from Egypt, with a 88% share of total exports. Moreover, ship derrick buckets and shovels exports to the United States exceeded the volume sent to the second major destination, France (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Egypt, comprising 92% of total exports. The second position in the ranking was taken by France ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest.

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, waning by -16.5% against the previous year. Over the period under review, the export price, however, saw a modest increase. The pace of growth appeared the most rapid in 2014 an increase of 176% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+6.4%), 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 Egypt

In 2022, purchases abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 176% to X units for the first time since 2017, thus ending a four-year declining trend. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 200%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports soared to $X in 2022. Overall, imports showed a noticeable increase. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of ship derrick buckets and shovels imports to Egypt, together accounting for 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +66.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Italy ($X) were the largest ship derrick buckets and shovels suppliers to Egypt, with a combined 82% share of total imports.

China, with a CAGR of +77.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, rising by 14% against the previous year. In general, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 123%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Italy ($X per unit), while the price for China ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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