Sweden: 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 Sweden

In 2022, the Swedish market for buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 8.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a perceptible slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, ship derrick buckets and shovels production contracted to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 29%. 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 Sweden

In 2022, ship derrick buckets and shovels exports from Sweden surged to X units, picking up by 18% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels exports rose notably to $X in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +45.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Belgium (X units), Norway (X units) and Germany (X units) were the main destinations of ship derrick buckets and shovels exports from Sweden, together comprising 45% of total exports. These countries were followed by Finland, France, Australia, South Africa, the United States, the Netherlands, Denmark, Canada, the UK and Italy, which together accounted for a further 38%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +14.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Norway ($X) and Belgium ($X) were the largest markets for ship derrick buckets and shovels exported from Sweden worldwide, together accounting for 37% of total exports. France, Finland, the United States, Australia, Italy, South Africa, Denmark, Canada, the Netherlands and the UK lagged somewhat behind, together accounting for a further 40%.

South Africa, with a CAGR of +14.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, dropping by -7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 15%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Belgium ($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 Italy (+11.6%), 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 Sweden

In 2022, supplies from abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 18% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +52.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, ship derrick buckets and shovels imports surged to $X in 2022. In general, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Denmark (X units), Slovakia (X units) and Poland (X units) were the main suppliers of ship derrick buckets and shovels imports to Sweden, with a combined 54% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +81.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Poland ($X) and Slovakia ($X) appeared to be the largest ship derrick buckets and shovels suppliers to Sweden, with a combined 46% share of total imports.

Among the main suppliers, Slovakia, with a CAGR of +66.2%, saw 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 average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, growing by 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2016 when the average import price increased by 12%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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