Greece: 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 Greece

The Greek market for buckets, shovels, grabs and grips for ships’ derricks and cranes fell to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Ship derrick buckets and shovels consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, ship derrick buckets and shovels production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% 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 2017 when the production volume increased by 43%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports from Greece

In 2022, overseas shipments of buckets, shovels, grabs and grips for ships’ derricks and cranes were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports saw a strong expansion. The exports peaked 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 soared to $X in 2022. Overall, exports enjoyed perceptible growth. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for ship derrick buckets and shovels exports from Greece, accounting for a 67% share of total exports. Moreover, ship derrick buckets and shovels exports to Spain exceeded the volume sent to the second major destination, Bahamas (X units), fourfold. The third position in this ranking was held by Albania (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +145.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+32.6% per year) and Albania (+8.8% per year).

In value terms, Spain ($X) emerged as the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Greece, comprising 55% of total exports. The second position in the ranking was taken by Panama ($X), with a 12% share of total exports. It was followed by Liberia, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +110.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+13.2% per year) and Liberia (0.0% 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, reducing by -41.4% against the previous year. Overall, the export price saw a abrupt decrease. The growth pace was the most rapid in 2016 an increase of 549%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Bahamas ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+868.6%), 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 Greece

For the third year in a row, Greece recorded growth in supplies from abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes, which increased by 35% to X units in 2022. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 96%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, ship derrick buckets and shovels imports surged to $X in 2022. In general, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X units), Spain (X units) and Turkey (X units) were the main suppliers of ship derrick buckets and shovels imports to Greece, together comprising 63% of total imports. These countries were followed by the Netherlands, Belgium, China, Poland, Germany, Sweden, the Czech Republic and Hong Kong SAR, which together accounted for a further 32%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +77.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels suppliers to Greece were Italy ($X), Spain ($X) and Turkey ($X), with a combined 62% share of total imports. The Netherlands, Belgium, Germany, Sweden, the Czech Republic, China, Poland and Hong Kong SAR lagged somewhat behind, together comprising a further 30%.

The Czech Republic, with a CAGR of +97.3%, saw the highest rates of growth with regard to 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

In 2022, the average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, declining by -1.7% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2014 an increase of 34% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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