Overview of the Global Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Market Size for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

After two years of growth, the global market for buckets, shovels, grabs and grips for ships’ derricks and cranes decreased by -3.3% to $X in 2022. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the peak level at $X in 2021, and then dropped slightly in the following year.

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

In value terms, ship derrick buckets and shovels production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 11%. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports

In 2022, global exports of buckets, shovels, grabs and grips for ships’ derricks and cranes expanded rapidly to X units, increasing by 9.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ship derrick buckets and shovels exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X units) represented the key exporter of buckets, shovels, grabs and grips for ships’ derricks and cranes, creating 24% of total exports. Mexico (X units) held a 7.5% share (based on physical terms) of total exports, which put it in second place, followed by Poland (6.3%), Italy (5.7%) and Germany (5.6%). India (X units), Hungary (X units), the Netherlands (X units), South Korea (X units), the United States (X units), Canada (X units), the UK (X units) and Turkey (X units) took a minor share of total exports.

Exports from China increased at an average annual rate of +10.2% from 2012 to 2022. At the same time, India (+30.6%), Poland (+10.3%), the UK (+6.9%), Canada (+6.4%), Italy (+5.0%) and Mexico (+2.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.6% from 2012-2022. By contrast, the Netherlands (-1.2%), Germany (-1.5%), Turkey (-1.8%), Hungary (-2.6%), South Korea (-5.9%) and the United States (-11.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Poland increased by +12, +4 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ship derrick buckets and shovels supplying countries worldwide were China ($X), the United States ($X) and Mexico ($X), with a combined 29% share of global exports. These countries were followed by Germany, Italy, the Netherlands, Poland, South Korea, Canada, India, the UK, Hungary and Turkey, which together accounted for a further 43%.

India, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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, picking up by 2.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 8.7%. The global 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.5%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2022, supplies from abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 11% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated a measured 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. Based on 2022 figures, imports increased by +53.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ship derrick buckets and shovels imports expanded notably to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +54.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38%. Over the period under review, global imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X units), distantly followed by France (X units), the UK (X units) and Germany (X units) were the largest importers of buckets, shovels, grabs and grips for ships’ derricks and cranes, together creating 39% of total imports. Canada (X units), Brazil (X units), Australia (X units), Sweden (X units), Mexico (X units), Austria (X units), Norway (X units), Belgium (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ship derrick buckets and shovels imports into the United States stood at +7.7%. At the same time, Brazil (+23.0%), South Korea (+9.2%), Austria (+7.0%), Sweden (+6.7%), the UK (+6.5%), France (+6.3%), Canada (+3.6%), Mexico (+3.0%), Australia (+3.0%), Germany (+1.6%) and Norway (+1.1%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +23.0% from 2012-2022. By contrast, Belgium (-6.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and Brazil increased by +4.6 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported buckets, shovels, grabs and grips for ships’ derricks and cranes worldwide, comprising 20% of global imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of global imports. It was followed by France, with a 6.7% share.

In the United States, ship derrick buckets and shovels imports expanded at an average annual rate of +6.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and France (+5.9% per year).

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, remaining constant against the previous year. Over the period under review, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.1%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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