Japan: 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 Japan

The Japanese market for buckets, shovels, grabs and grips for ships’ derricks and cranes reached $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, ship derrick buckets and shovels production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when the production volume increased by 16%. Ship derrick buckets and shovels production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports from Japan

Ship derrick buckets and shovels exports from Japan dropped to X units in 2022, with a decrease of -3% against the previous year. In general, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports totaled $X in 2022. Over the period under review, exports recorded a slight decrease. The pace of growth appeared the most rapid in 2019 with an increase of 46% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for ship derrick buckets and shovels exports from Japan, with a 25% share of total exports. Moreover, ship derrick buckets and shovels exports to the Czech Republic exceeded the volume sent to the second major destination, Vietnam (X units), threefold. The Philippines (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+17.1% per year) and the Philippines (-6.1% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Japan, comprising 49% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by the Philippines, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.1% per year) and the Philippines (-12.2% 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, picking up by 5.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($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 the United States (+4.9%), 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 Japan

Ship derrick buckets and shovels imports into Japan fell modestly to X units in 2022, shrinking by -1.7% against the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 39% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports amounted to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 34%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest ship derrick buckets and shovels supplier to Japan, accounting for a 63% share of total imports. Moreover, ship derrick buckets and shovels imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. The third position in this ranking was held by the United States (X units), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.2% per year) and the United States (+15.6% per year).

In value terms, China ($X) constituted the largest supplier of buckets, shovels, grabs and grips for ships’ derricks and cranes to Japan, comprising 42% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by South Korea, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.7% per year) and South Korea (-0.4% 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, rising by 11% against the previous year. In general, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by 18%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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