Iran: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2024

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

Exports from Iran

In 2022, approx. X units of buckets, shovels, grabs and grips for ships’ derricks and cranes were exported from Iran; waning by -44.5% compared with the year before. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 611%. As a result, the exports attained the peak of X units, and then reduced remarkably in the following year.

In value terms, ship derrick buckets and shovels exports reduced remarkably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 439% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X units) was the main destination for ship derrick buckets and shovels exports from Iran, accounting for a 71% share of total exports. Moreover, ship derrick buckets and shovels exports to Armenia exceeded the volume sent to the second major destination, Azerbaijan (X units), threefold. The third position in this ranking was held by Luxembourg (X units), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Armenia amounted to +67.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+18.2% per year) and Luxembourg (-12.6% per year).

In value terms, Armenia ($X) emerged as the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Iran, comprising 72% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 23% share of total exports. It was followed by Luxembourg, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Armenia amounted to +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+24.5% per year) and Luxembourg (-19.9% per year).

Export Prices by Country

The average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, growing by 6.8% against the previous year. Overall, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 87%. The export price peaked 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Azerbaijan ($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 Russia (+46.8%), 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 Iran

Ship derrick buckets and shovels imports into Iran shrank sharply to X units in 2022, falling by -24.6% compared with the year before. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 173% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ship derrick buckets and shovels imports contracted to $X in 2022. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 117% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Armenia (X units) constituted the largest ship derrick buckets and shovels supplier to Iran, accounting for a 34% share of total imports. Moreover, ship derrick buckets and shovels imports from Armenia exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Armenia totaled +130.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.4% per year) and Turkey (-12.1% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of buckets, shovels, grabs and grips for ships’ derricks and cranes to Iran, comprising 28% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by India, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bulgaria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-11.8% per year) and India (+2.0% per year).

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, surging by 14% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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 Bulgaria ($X per unit), while the price for Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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