South Africa: 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 South Africa

The South African market for buckets, shovels, grabs and grips for ships derricks and cranes dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated moderate growth 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. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, ship derrick buckets and shovels production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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

Exports from South Africa

In 2022, shipments abroad of buckets, shovels, grabs and grips for ships derricks and cranes increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports posted a moderate increase. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, ship derrick buckets and shovels exports skyrocketed to $X in 2022. In general, exports saw a measured expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ghana (X units) was the main destination for ship derrick buckets and shovels exports from South Africa, with a X% share of total exports. Moreover, ship derrick buckets and shovels exports to Ghana exceeded the volume sent to the second major destination, Mozambique (X units), fourfold. Zimbabwe (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Zimbabwe (X% per year).

In value terms, Ghana ($X) emerged as the key foreign market for buckets, shovels, grabs and grips for ships derricks and cranes exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with an X% share of total exports. It was followed by Mozambique, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Ghana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Mozambique (X% per year).

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, rising by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Botswana ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into South Africa

For the third year in a row, South Africa recorded growth in purchases abroad of buckets, shovels, grabs and grips for ships derricks and cranes, which increased by X% to X units in 2022. In general, total imports indicated noticeable growth 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, ship derrick buckets and shovels imports declined dramatically to $X in 2022. Over the period under review, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted sharply in the following year.

Imports by Country

The United States (X units), China (X units) and Sweden (X units) were the main suppliers of ship derrick buckets and shovels imports to South Africa, with a combined X% share of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of buckets, shovels, grabs and grips for ships derricks and cranes to South Africa, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Sweden (X% per year).

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, dropping by X% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price 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, ship derrick buckets and shovels import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit, and then shrank remarkably in the following year.

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

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

Source: IndexBox Platform

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