Middle East: 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 the Middle East

The Middle Eastern market for buckets, shovels, grabs and grips for ships’ derricks and cranes contracted rapidly to $X in 2022, which is down by -41.9% against the previous year. In general, consumption, however, recorded a significant expansion. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Production of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in the Middle East

In value terms, ship derrick buckets and shovels production dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 59%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports in the Middle East

In 2022, overseas shipments of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 6.2% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a mild contraction. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports soared to $X in 2022. Over the period under review, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was near 89% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), making up a 6.1% share of total exports. Oman (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ship derrick buckets and shovels exports from Turkey stood at -1.8%. At the same time, Oman (+40.4%) and the United Arab Emirates (+3.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +40.4% from 2012-2022. While the share of the United Arab Emirates (+2.3 p.p.) and Oman (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (-5.1 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest ship derrick buckets and shovels supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.7% share of total exports.

In Turkey, ship derrick buckets and shovels exports declined by an average annual rate of -1.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-0.3% per year) and Oman (+19.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, increasing by 12% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 21% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a 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 ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.5%), 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 the Middle East

In 2022, approx. X units of buckets, shovels, grabs and grips for ships’ derricks and cranes were imported in the Middle East; with an increase of 6.6% against the previous year. In general, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 40%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, ship derrick buckets and shovels imports fell dramatically to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 59% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Israel (X units), Turkey (X units), Qatar (X units), Oman (X units) and Iraq (X units) represented the main importers of buckets, shovels, grabs and grips for ships’ derricks and cranes, together achieving 93% of total imports. Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), with a combined 75% share of total imports.

Among the main importing countries, Israel, with a CAGR of +5.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, shrinking by -21.1% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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