Global Spades And Shovels Market 2025

Spades And Shovels Market Size

In 2021, after four years of growth, there was decline in the global spades and shovels market, when its value decreased by less than 0.1% to $X. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the global market hit record highs at $X in 2020, and then reduced in the following year.

Spades And Shovels Production

In value terms, spades and shovels production shrank modestly to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.9% against 2012 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21%. Over the period under review, global production hit record highs at $X in 2020, and then reduced modestly in the following year.

Spades And Shovels Exports

Exports

In 2021, shipments abroad of spades and shovels increased by 17% to X tons, rising for the fifth consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 23%. The global exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, spades and shovels exports surged to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.9% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X tons, which was approx. 73% of total exports in 2021. Mexico (X tons), India (X tons), Brazil (X tons), Poland (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to spades and shovels exports from China stood at +5.0%. At the same time, the Netherlands (+24.2%), Brazil (+7.6%), Poland (+6.5%), India (+5.3%) and Mexico (+3.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +24.2% from 2012-2021. While the share of China (+2.2 p.p.) and the Netherlands (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest spades and shovels supplier worldwide, comprising 66% of global exports. The second position in the ranking was taken by Mexico ($X), with a 7.5% share of global exports. It was followed by Poland, with a 3.1% share.

In China, spades and shovels exports expanded at an average annual rate of +9.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+9.1% per year) and Poland (+5.6% per year).

Export Prices by Country

The average spades and shovels export price stood at $X per ton in 2021, surging by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.7%), while the other global leaders experienced more modest paces of growth.

Spades And Shovels Imports

Imports

Global spades and shovels imports rose rapidly to X tons in 2021, surging by 7.8% against the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2019 with an increase of 14% against the previous year. Global imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, spades and shovels imports surged to $X in 2021. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.0% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by the UK (X tons) and Russia (X tons) represented the key importers of spades and shovels, together committing 22% of total imports. Germany (X tons), the Netherlands (X tons), Ghana (X tons), France (X tons), Cameroon (X tons), Nigeria (X tons), Sri Lanka (X tons), Peru (X tons), Malaysia (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to spades and shovels imports into the United States stood at +1.1%. At the same time, Cameroon (+23.4%), Sri Lanka (+20.8%), the Netherlands (+20.4%), Russia (+13.2%), France (+8.3%), the UK (+6.7%), Ghana (+5.2%) and Peru (+3.9%) displayed positive paces of growth. Moreover, Cameroon emerged as the fastest-growing importer imported in the world, with a CAGR of +23.4% from 2012-2021. Germany, Canada and Nigeria experienced a relatively flat trend pattern. By contrast, Malaysia (-10.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Russia, Cameroon, the UK and Sri Lanka increased by +2.9, +2.8, +1.7, +1.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported spades and shovels worldwide, comprising 22% of global imports. The second position in the ranking was held by Germany ($X), with a 6% share of global imports. It was followed by the UK, with a 5.5% share.

In the United States, spades and shovels imports expanded at an average annual rate of +7.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+2.4% per year) and the UK (+6.0% per year).

Import Prices by Country

The average spades and shovels import price stood at $X per ton in 2021, jumping by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+9.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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