Norway: 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 Norway

In 2022, the Norwegian market for buckets, shovels, grabs and grips for ships derricks and cranes increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a tangible increase 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 increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

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

Exports from Norway

In 2022, shipments abroad of buckets, shovels, grabs and grips for ships derricks and cranes was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt slump. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports reduced to $X in 2022. Overall, exports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for ship derrick buckets and shovels exports from Norway, with a X% share of total exports. Moreover, ship derrick buckets and shovels exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Lithuania (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Lithuania (X% per year).

In value terms, the largest markets for ship derrick buckets and shovels exported from Norway were Sweden ($X), Poland ($X) and Germany ($X), together accounting for X% of total exports. The United States, Canada, the Netherlands, Denmark, Lithuania, Australia and China lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

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, with a decrease of X% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Norway

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. The total import volume increased at an average annual rate of X% 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 X% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, ship derrick buckets and shovels imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X units), Sweden (X units) and China (X units) were the main suppliers of ship derrick buckets and shovels imports to Norway, with a combined X% share of total imports. Germany, the Netherlands, France, Turkey, Italy, Denmark, Estonia, India, South Korea and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, Poland ($X), Sweden ($X) and the Netherlands ($X) appeared to be the largest ship derrick buckets and shovels suppliers to Norway, with a combined X% share of total imports. Germany, China, France, Italy, Turkey, Denmark, South Korea, Estonia, India and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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