Turkey: 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 Turkey

The Turkish market for buckets, shovels, grabs and grips for ships’ derricks and cranes dropped dramatically to $X in 2022, waning by -44.3% against the previous year. Over the period under review, consumption, however, posted a significant expansion. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

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

In value terms, ship derrick buckets and shovels production contracted notably to $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 71%. Ship derrick buckets and shovels production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports from Turkey

In 2022, after two years of decline, there was significant growth in overseas shipments of buckets, shovels, grabs and grips for ships’ derricks and cranes, when their volume increased by 5.7% to X units. Over the period under review, exports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 33%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ship derrick buckets and shovels exports soared to $X in 2022. In general, exports, however, showed a slight setback. The most prominent rate of growth was recorded in 2018 with an increase of 29%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Belgium (X units) and Germany (X units) were the main destinations of ship derrick buckets and shovels exports from Turkey, with a combined 26% share of total exports. These countries were followed by Israel, the UK, the United States, France, Russia, Sweden, China, Greece, Iraq and Brazil, which together accounted for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +28.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ship derrick buckets and shovels exported from Turkey were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 23% share of total exports. The United States, Russia, Israel, the UK, France, Sweden, China, Greece, Brazil and Iraq lagged somewhat behind, together accounting for a further 37%.

France, with a CAGR of +27.4%, saw 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

The average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $X per unit in 2022, rising by 16% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 22% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Iraq ($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 Sweden (+1.9%), 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 Turkey

In 2022, overseas purchases of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 10% to X units, rising for the second consecutive year after four years of decline. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Russia (X units) were the main suppliers of ship derrick buckets and shovels imports to Turkey, together accounting for 50% of total imports. The Czech Republic, Canada, Sweden, Italy, the UK, the United States and the Netherlands lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +87.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Canada ($X) appeared to be the largest ship derrick buckets and shovels suppliers to Turkey, together accounting for 40% of total imports.

Canada, with a CAGR of +82.7%, recorded the highest growth rate of 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, surging by 16% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 47%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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