Norway: 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 Norway

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. Overall, exports, however, showed a abrupt curtailment. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports reduced to $X in 2022. Over the period under review, exports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 15% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for ship derrick buckets and shovels exports from Norway, with a 38% share of total exports. Moreover, ship derrick buckets and shovels exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was taken by Lithuania (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+7.7% per year) and Lithuania (+42.0% per year).

In value terms, the largest markets for ship derrick buckets and shovels exported from Norway were Sweden ($X), Poland ($X) and Germany ($X), together comprising 37% of total exports. The United States, Canada, the Netherlands, Denmark, Lithuania, Australia and China lagged somewhat behind, together accounting for a further 28%.

Lithuania, with a CAGR of +28.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

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, shrinking by -19.9% against the previous year. Over the period under review, the export price saw a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 the United States ($X per unit), while the average price for exports to Lithuania ($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 (+14.9%), 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 Norway

In 2022, purchases abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 18% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, ship derrick buckets and shovels imports soared to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X units), Sweden (X units) and China (X units) were the main suppliers of ship derrick buckets and shovels imports to Norway, together accounting for 56% of total imports. Germany, the Netherlands, France, Turkey, Italy, Denmark, Estonia, India, South Korea and Thailand lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +78.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Sweden ($X) and the Netherlands ($X) appeared to be the largest ship derrick buckets and shovels suppliers to Norway, together comprising 55% of total imports. Germany, China, France, Italy, Turkey, Denmark, South Korea, Estonia, India and Thailand lagged somewhat behind, together accounting for a further 36%.

Turkey, with a CAGR of +71.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 reflecting the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 5.6% against the previous year. The import price 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 origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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