United Arab Emirates: 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 the United Arab Emirates

Ship derrick buckets and shovels exports from the United Arab Emirates declined to X units in 2022, waning by -14% against 2021. In general, exports, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2018 when exports increased by 65%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels exports contracted to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 62% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for ship derrick buckets and shovels exports from the United Arab Emirates, with a 38% share of total exports. Moreover, ship derrick buckets and shovels exports to Italy exceeded the volume sent to the second major destination, France (X units), sevenfold. The third position in this ranking was taken by Tanzania (X units), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +71.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+51.9% per year) and Tanzania (+13.3% per year).

In value terms, Italy ($X) emerged as the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from the United Arab Emirates, comprising 37% of total exports. The second position in the ranking was taken by France ($X), with a 4% share of total exports. It was followed by Canada, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +53.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+40.6% per year) and Canada (+66.2% per year).

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, remaining constant against the previous year. Over the period under review, the export price, however, saw a pronounced setback. The growth pace was the most rapid in 2015 an increase of 32%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Tanzania ($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 Philippines (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the United Arab Emirates

In 2022, imports of buckets, shovels, grabs and grips for ships’ derricks and cranes into the United Arab Emirates soared to X units, growing by 78% against 2021. Over the period under review, imports enjoyed slight growth. The pace of growth was the most pronounced in 2019 with an increase of 144% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, ship derrick buckets and shovels imports surged to $X in 2022. In general, imports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2019 when imports increased by 168%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Belgium (X units) and Turkey (X units) were the main suppliers of ship derrick buckets and shovels imports to the United Arab Emirates, with a combined 30% share of total imports. These countries were followed by the United States, Italy, Germany, Sri Lanka, Spain, Austria, the Czech Republic, Japan, the Netherlands and Sweden, which together accounted for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +107.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and the United States ($X) constituted the largest ship derrick buckets and shovels suppliers to the United Arab Emirates, together accounting for 22% of total imports. Germany, China, Turkey, Austria, the Netherlands, Sweden, Spain, the Czech Republic, Japan and Sri Lanka lagged somewhat behind, together comprising a further 32%.

Austria, with a CAGR of +90.2%, recorded 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

In 2022, the average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, with an increase of 3% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Sri Lanka ($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 (+5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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