Italy: 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 Italy

The Italian market for buckets, shovels, grabs and grips for ships’ derricks and cranes rose to $X in 2022, picking up by 3.7% against the previous year. Overall, consumption saw a moderate expansion. As a result, consumption reached the peak level of $X. From 2021 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 Italy

In value terms, ship derrick buckets and shovels production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

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

Exports from Italy

In 2022, shipments abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 4.9% to X units, rising for the second year in a row after two years of decline. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +28.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ship derrick buckets and shovels exports stood at $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +43.0% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 32% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and Belgium (X units) were the main destinations of ship derrick buckets and shovels exports from Italy, together comprising 43% of total exports. These countries were followed by the Netherlands, the United States, the Czech Republic, Switzerland, Ireland, Austria, Spain, Sweden and the UK, which together accounted for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) were the largest markets for ship derrick buckets and shovels exported from Italy worldwide, with a combined 42% share of total exports. These countries were followed by the Netherlands, the United States, Spain, Switzerland, the Czech Republic, Austria, Ireland, the UK and Sweden, which together accounted for a further 32%.

In terms of the main countries of destination, Ireland, with a CAGR of +43.1%, saw the highest growth rate of 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

The average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, picking up by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 11%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Sweden ($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 Belgium (+4.8%), 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 Italy

For the seventh consecutive year, Italy recorded growth in overseas purchases of buckets, shovels, grabs and grips for ships’ derricks and cranes, which increased by 29% to X units in 2022. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 38%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ship derrick buckets and shovels imports surged to $X in 2022. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 41%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Albania (X units) and Sweden (X units) were the main suppliers of ship derrick buckets and shovels imports to Italy, together accounting for 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Albania (with a CAGR of +146.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels suppliers to Italy were China ($X), Germany ($X) and Sweden ($X), together comprising 53% of total imports. The Czech Republic, Albania, Belgium, the UK, Bulgaria, France, Hungary and Slovenia lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Albania, with a CAGR of +167.7%, recorded the highest rates of growth with regard to 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 average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 15%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Albania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :