Report a bug?

Spades and Shovels Market

Spades and shovels market: enjoy the latest data featured by an Ai-driven BI tool. Facts and figures include imports, trade, consumption, market prices, market size, companies, exports, and production. Here is a breakdown by region, including EU, Russia, the Middle East, Latin America, the U.K., the U.S., Africa, and China. Market trends and forecast to 2030 are also provided in the dashboards.

Get FREE access to the latest data and statistics on the Spades and Shovels Market.

Spades and Shovels - World's Largest Markets

Rating	Country
1	China
2	United States
3	India
4	Japan
5	Germany

In value terms, the largest spades and shovels markets worldwide were China, the United States and India, with a combined 35% share of the global market. These countries were followed by Japan, Germany, Brazil, Indonesia, the UK, South Korea, Turkey, Russia, Nigeria and Italy, which together accounted for a further 26%.

Germany saw the highest growth rate of market size, among the main consuming countries over the period under review, while spades and shovels market for the other global leaders experienced more modest paces of growth.

Spades And Shovels Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
China	1855	1829	1718	-3.8%
India	2420	2383	2081	-7.3%
Brazil	2716	2815	2271	-8.6%
Taiwan (Chinese)	5950	4671	2945	-29.6%
Mexico	3172	3553	4335	16.9%
Netherlands	4149	4027	4770	7.2%
Poland	5416	5202	5724	2.8%
Germany	5145	5825	6743	14.5%
Average	2434	2474	2587	3.1%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($6,743 per ton), while China ($1,718 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Netherlands	3612	3470	4436	10.8%
Germany	3873	4408	3996	1.6%
United Kingdom	3038	3059	3148	1.8%
United States	3456	3005	3089	-5.5%
Canada	4017	3105	2810	-16.4%
Tanzania	1950	1966	1967	0.4%
Ghana	1757	1923	1942	5.1%
South Korea	1847	2128	1685	-4.5%
Russia	1613	1452	1291	-10.5%
Iran	1667	1674	1059	-20.3%
Uzbekistan	1230	1428	878	-15.5%
Cambodia	1228	1059	855	-16.6%
Nigeria	1173	1170	629	-26.8%
Average	2595	2463	2357	-4.7%

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($4,436 per ton), while Nigeria ($629 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Spades and Shovels - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
United States	65	62	71	4.1%
Netherlands	16	19	21	15.4%
Germany	21	20	20	-3.3%
United Kingdom	15	15	14	-1.8%
Ghana	4.4	9.1	9.1	43.7%

In value terms, the United States ($71M) constitutes the largest market for imported spades and shovels worldwide, comprising 21% of global imports. The second position in the ranking was occupied by the Netherlands ($21M), with a 6.5% share of global imports. It was followed by Germany, with a 6% share.

From 2018 to 2020, the average annual rate of growth in terms of value in the United States totaled +4.1%. In the other countries, the average annual rates were as follows: the Netherlands (+15.4% per year) and Germany (-3.3% per year).

Spades and Shovels - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
China	145	147	96	-18.8%
Mexico	30	38	34	6.8%
Poland	19	21	16	-8.3%
Netherlands	5.8	5.3	15	60.9%
Germany	8.3	11	13	25.9%

In value terms, China ($96M) remains the largest spades and shovels supplier worldwide, comprising 39% of global exports. The second position in the ranking was occupied by Mexico ($34M), with a 14% share of global exports. It was followed by Poland, with a 6.4% share.

From 2018 to 2020, the average annual rate of growth in terms of value in China totaled -18.8%. In the other countries, the average annual rates were as follows: Mexico (+6.8% per year) and Poland (-8.3% per year).

Spades and Shovels - Market Forecast

Driven by rising demand for spades and shovels worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.