Southern 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 Southern Asia

In 2022, the South Asian market for buckets, shovels, grabs and grips for ships derricks and cranes decreased by X% to $X, falling for the second year in a row after seven years of growth. The total consumption indicated measured 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, ship derrick buckets and shovels production expanded to $X in 2022 estimated in export price. The total production indicated a noticeable 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Southern Asia

In 2022, shipments 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 two years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, ship derrick buckets and shovels exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

India (X units) represented roughly X% of total exports in 2022.

India was also the fastest-growing in terms of the buckets, shovels, grabs and grips for ships derricks and cranes exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest ship derrick buckets and shovels supplier in Southern Asia.

In India, ship derrick buckets and shovels exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

Ship derrick buckets and shovels imports dropped dramatically to X units in 2022, reducing by X% compared with the previous year. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ship derrick buckets and shovels imports reduced sharply to $X in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X units) and Bangladesh (X units) dominates imports structure, together comprising X% of total imports. It was distantly followed by Sri Lanka (X units), mixing up a X% share of total imports. The following importers - Nepal (X units), Maldives (X units), Afghanistan (X units) and Pakistan (X units) - each accounted for an X% share of total imports.

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

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in Southern Asia stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Pakistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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