Asia: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2024

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

After two years of decline, the Asian market for buckets, shovels, grabs and grips for ships derricks and cranes increased by X% to $X in 2022. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, ship derrick buckets and shovels production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in Asia

In 2022, the amount of buckets, shovels, grabs and grips for ships derricks and cranes exported in Asia was estimated at X units, growing by X% on 2021 figures. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, ship derrick buckets and shovels exports soared to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X units) was the major exporter of buckets, shovels, grabs and grips for ships derricks and cranes, achieving X% of total exports. India (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%) and Turkey (X%). Malaysia (X units) and Singapore (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ship derrick buckets and shovels supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with an X% share of total exports. It was followed by India, with an X% share.

In China, ship derrick buckets and shovels exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

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

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

Imports in Asia

In 2022, supplies from abroad of buckets, shovels, grabs and grips for ships derricks and cranes increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, ship derrick buckets and shovels imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a mild decline. 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

South Korea was the key importer of buckets, shovels, grabs and grips for ships derricks and cranes in Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Japan (X units) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), the United Arab Emirates (X%) and Malaysia (X%). The following importers - Singapore (X units), the Philippines (X units), Israel (X units), China (X units), Thailand (X units), Taiwan (Chinese) (X units), Kazakhstan (X units) and Turkey (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ship derrick buckets and shovels imports into South Korea stood at X%. At the same time, the Philippines (X%), Taiwan (Chinese) (X%), Malaysia (X%), Israel (X%), the United Arab Emirates (X%), Japan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Indonesia and Singapore experienced a relatively flat trend pattern. By contrast, Thailand (X%), China (X%) and Turkey (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), the Philippines (X p.p.), the United Arab Emirates (X p.p.), South Korea (X p.p.), Japan (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. The United Arab Emirates, Singapore, Malaysia, the Philippines, China, Israel, Thailand, Turkey, Kazakhstan and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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