Venezuela: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2025

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

Exports from Venezuela

After two years of decline, overseas shipments of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 10% to X units in 2022. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 592% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports contracted to $X in 2022. Overall, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 567%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X units) was the main destination for ship derrick buckets and shovels exports from Venezuela, accounting for a 91% share of total exports. Moreover, ship derrick buckets and shovels exports to Colombia exceeded the volume sent to the second major destination, Chile (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled +25.3%.

In value terms, Colombia ($X) remains the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Venezuela, comprising 88% of total exports. The second position in the ranking was held by Chile ($X), with a 5.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to +25.9%.

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, declining by -12.8% against the previous year. Over the period under review, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Chile totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+0.2%).

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

Imports into Venezuela

In 2022, overseas purchases of buckets, shovels, grabs and grips for ships’ derricks and cranes were finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 469% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ship derrick buckets and shovels imports expanded remarkably to $X in 2022. Overall, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 276% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X units), the Netherlands (X units) and Colombia (X units) were the main suppliers of ship derrick buckets and shovels imports to Venezuela, together comprising 42% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) constituted the largest supplier of buckets, shovels, grabs and grips for ships’ derricks and cranes to Venezuela, comprising 25% of total imports. The second position in the ranking was held by Colombia ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from Finland amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+15.2% per year) and the Netherlands (-12.2% per year).

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, reducing by -36.8% against the previous year. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 72% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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