GCC: 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 GCC

The GCC market for buckets, shovels, grabs and grips for ships’ derricks and cranes expanded slightly to $X in 2022, surging by 4% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, ship derrick buckets and shovels production stood at $X in 2022 estimated in export price. In general, production, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in GCC

In 2022, approx. X units of buckets, shovels, grabs and grips for ships’ derricks and cranes were exported in GCC; surging by 14% on 2021 figures. Over the period under review, exports recorded notable growth. The pace of growth was the most pronounced in 2018 with an increase of 86% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, ship derrick buckets and shovels exports shrank modestly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 72%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the major exporter of buckets, shovels, grabs and grips for ships’ derricks and cranes, making up 57% of total exports. Oman (X units) held the second position in the ranking, distantly followed by Saudi Arabia (X units) and Bahrain (X units). All these countries together took near 42% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ship derrick buckets and shovels exports from the United Arab Emirates stood at +3.5%. At the same time, Oman (+40.4%) and Bahrain (+7.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +40.4% from 2012-2022. By contrast, Saudi Arabia (-1.5%) illustrated a downward trend over the same period. While the share of Oman (+19 p.p.) and Bahrain (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-8.4 p.p.) and Saudi Arabia (-11.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest ship derrick buckets and shovels supplier in GCC, comprising 78% of total exports. The second position in the ranking was taken by Oman ($X), with a 9% share of total exports. It was followed by Saudi Arabia, with a 7.5% share.

In the United Arab Emirates, ship derrick buckets and shovels exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+19.0% per year) and Saudi Arabia (-2.7% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, which is down by -14.6% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when the export price increased by 54% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.1%), 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 GCC

In 2022, imports of buckets, shovels, grabs and grips for ships’ derricks and cranes in GCC totaled X units, surging by 2.9% on 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, ship derrick buckets and shovels imports reduced sharply to $X in 2022. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 72%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the largest importer of buckets, shovels, grabs and grips for ships’ derricks and cranes in GCC, with the volume of imports accounting for X units, which was near 63% of total imports in 2022. Qatar (X units) ranks second in terms of the total imports with a 15% share, followed by Oman (14%) and Kuwait (5%). Bahrain (X units) took a little share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Kuwait (+3.6%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +3.6% from 2012-2022. By contrast, Oman (-1.1%), Qatar (-6.6%) and Bahrain (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Kuwait increased by +14 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported buckets, shovels, grabs and grips for ships’ derricks and cranes in GCC, comprising 64% of total imports. The second position in the ranking was held by Oman ($X), with a 15% share of total imports. It was followed by Qatar, with an 11% share.

In the United Arab Emirates, ship derrick buckets and shovels imports plunged by an average annual rate of -4.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-3.7% per year) and Qatar (-7.3% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, shrinking by -37.7% against the previous year. Over the period under review, the import price faced a deep slump. The most prominent rate of growth was recorded in 2020 when the import price increased by 35%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform