South-Eastern Asia: 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 South-Eastern Asia

The Southeast Asian market for buckets, shovels, grabs and grips for ships’ derricks and cranes was estimated at $X in 2022, growing by 6.2% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.6% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in South-Eastern Asia

In value terms, ship derrick buckets and shovels production amounted to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 49%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in South-Eastern Asia

In 2022, approx. X units of buckets, shovels, grabs and grips for ships’ derricks and cranes were exported in South-Eastern Asia; with an increase of 46% against 2021. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 276% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 318% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Malaysia (X units), distantly followed by Thailand (X units), Singapore (X units) and Indonesia (X units) represented the key exporters of buckets, shovels, grabs and grips for ships’ derricks and cranes, together mixing up 96% of total exports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +37.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, with a combined 85% share of total exports. These countries were followed by Thailand and Vietnam, which together accounted for a further 14%.

Thailand, with a CAGR of +31.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, surging by 9.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 an increase of 11% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in South-Eastern Asia

In 2022, purchases abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes was finally on the rise to reach X units after three years of decline. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ship derrick buckets and shovels imports soared to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X units), Singapore (X units) and Thailand (X units) represented roughly 70% of total imports in 2022. The Philippines (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (6.4%), Malaysia (5.7%) and Myanmar (5.5%).

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +36.3%), 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 South-Eastern Asia were Indonesia ($X), Singapore ($X) and the Philippines ($X), with a combined 77% share of total imports. These countries were followed by Thailand, Myanmar, Malaysia and Vietnam, which together accounted for a further 22%.

In terms of the main importing countries, Myanmar, with a CAGR of +39.8%, recorded the highest growth rate of 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 import price in South-Eastern Asia stood at $X per unit in 2022, picking up by 13% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ship derrick buckets and shovels import price increased by +82.5% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 25% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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