EU: 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 the EU

In 2022, the EU market for buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 2.8% to $X, rising for the second year in a row after two years of decline. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.0% against 2020 indices. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

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

In value terms, ship derrick buckets and shovels production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2021, and then fell in the following year.

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

Exports in the EU

In 2022, exports of buckets, shovels, grabs and grips for ships’ derricks and cranes in the European Union contracted modestly to X units, with a decrease of -3.7% compared with the year before. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 27%. As a result, the exports reached the peak of X units, and then declined modestly in the following year.

In value terms, ship derrick buckets and shovels exports totaled $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from Poland (X units), Italy (X units), Germany (X units), Hungary (X units) and the Netherlands (X units), together resulting at 61% of total export. Austria (X units) held a 5.2% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (5%) and the Czech Republic (4.5%). Denmark (X units), Spain (X units), France (X units), Slovakia (X units) and Finland (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +14.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels supplying countries in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 45% share of total exports. These countries were followed by Poland, Austria, Sweden, Hungary, the Czech Republic, France, Finland, Spain, Denmark and Slovakia, which together accounted for a further 48%.

In terms of the main exporting countries, Poland, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, surging by 5.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 6.6% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per unit), while Hungary ($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 (+4.4%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2022, ship derrick buckets and shovels imports in the European Union was estimated at X units, growing by 2.9% on 2021 figures. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ship derrick buckets and shovels imports reached $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, France (X units) and Germany (X units) were the largest importers of buckets, shovels, grabs and grips for ships’ derricks and cranes in the European Union, together making up 41% of total imports. It was distantly followed by Sweden (X units), Austria (X units), Belgium (X units), the Netherlands (X units), Italy (X units) and Poland (X units), together constituting a 35% share of total imports. The Czech Republic (X units), Finland (X units), Spain (X units), Hungary (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +32.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels importing markets in the European Union were Germany ($X), France ($X) and Austria ($X), together accounting for 49% of total imports. Sweden, Belgium, the Netherlands, Poland, Italy, the Czech Republic, Finland, Spain, Denmark and Hungary lagged somewhat behind, together accounting for a further 42%.

In terms of the main importing countries, Hungary, with a CAGR of +24.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 10% against the previous year. The level of import peaked 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 importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while Hungary ($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 Czech Republic (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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