World - Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingShip Derrick Buckets And Shovels Market
The article discusses the increasing demand for buckets, shovels, grabs and grips for ships’ derricks and cranes globally, with market performance expected to show growth in both volume and value from 2022 to 2030. Analysis of consumption patterns reveals fluctuations in global consumption over the years, with notable growth in Turkey. Production, import, and export trends are also examined, with key countries such as China, Turkey, and the United States playing significant roles in the market. The average import and export prices are also discussed, showing steady growth in recent years.
Market Forecast
Driven by increasing demand for buckets, shovels, grabs and grips for ships’ derricks and cranes worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market volume to 53M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.6% for the period from 2022 to 2030, which is projected to bring the market value to $17.5B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes
In 2022, global consumption of buckets, shovels, grabs and grips for ships’ derricks and cranes fell to 40M units, declining by -10.9% compared with the previous year's figure. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +17.5% against 2020 indices. As a result, consumption reached the peak volume of 45M units, and then dropped in the following year.
The size of the market for buckets, shovels, grabs and grips for ships’ derricks and cranes worldwide declined modestly to $11.3B in 2022, which is down by -1.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +55.5% against 2013 indices. Global consumption peaked at $11.5B in 2021, and then shrank slightly in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (7.7M units), Turkey (6.7M units) and the United States (5.1M units), together comprising 48% of global consumption.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +38.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($2.8B), China ($2B) and Turkey ($1B) appeared to be the countries with the highest levels of market value in 2022, with a combined 51% share of the global market.
Turkey, with a CAGR of +35.7%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of ship derrick buckets and shovels per capita consumption was registered in Turkey (78 units per 1000 persons), followed by the United States (15 units per 1000 persons), South Korea (15 units per 1000 persons) and the UK (13 units per 1000 persons), while the world average per capita consumption of ship derrick buckets and shovels was estimated at 5.1 units per 1000 persons.
In Turkey, ship derrick buckets and shovels per capita consumption expanded at an average annual rate of +36.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (+4.3% per year) and South Korea (+0.7% per year).
Production
World Production of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes
In 2022, the amount of buckets, shovels, grabs and grips for ships’ derricks and cranes produced worldwide dropped to 39M units, shrinking by -11.7% against the previous year. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +15.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, production attained the peak volume of 44M units, and then declined in the following year.
In value terms, ship derrick buckets and shovels production expanded rapidly to $10.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 14%. As a result, production reached the peak level of $10.2B. From 2021 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (8.4M units), Turkey (6.9M units) and the United States (3.8M units), together comprising 49% of global production.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkey (with a CAGR of +30.7%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes
In 2022, supplies from abroad of buckets, shovels, grabs and grips for ships’ derricks and cranes increased by 12% to 9.8M units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +49.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, ship derrick buckets and shovels imports rose notably to $3B in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +58.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
Imports By Country
In 2022, the United States (1.6M units), distantly followed by France (719K units), Germany (700K units) and the UK (679K units) were the largest importers of buckets, shovels, grabs and grips for ships’ derricks and cranes, together generating 38% of total imports. The following importers - South Korea (388K units), Canada (378K units), Brazil (360K units), Australia (326K units), Sweden (309K units), Belgium (300K units), Mexico (263K units), Chile (261K units) and Austria (225K units) - together made up 29% of total imports.
From 2012 to 2022, average annual rates of growth with regard to ship derrick buckets and shovels imports into the United States stood at +7.4%. At the same time, Brazil (+23.1%), Austria (+7.0%), France (+6.3%), the UK (+6.2%), Chile (+6.1%), Sweden (+6.1%), Canada (+3.1%), Australia (+2.7%), Mexico (+2.5%), Germany (+2.2%) and South Korea (+1.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +23.1% from 2012-2022. By contrast, Belgium (-1.8%) illustrated a downward trend over the same period. The United States (+4.2 p.p.) and Brazil (+3 p.p.) significantly strengthened its position in terms of the global imports, while Germany and Belgium saw its share reduced by -1.7% and -2.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($589M) constitutes the largest market for imported buckets, shovels, grabs and grips for ships’ derricks and cranes worldwide, comprising 19% of global imports. The second position in the ranking was taken by Germany ($217M), with a 7.1% share of global imports. It was followed by France, with a 6.5% share.
In the United States, ship derrick buckets and shovels imports increased at an average annual rate of +6.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+3.3% per year) and France (+5.9% per year).
Import Prices By Country
In 2022, the average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $312 per unit, growing by 2.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $341 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($421 per unit), while South Korea ($111 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes
Global ship derrick buckets and shovels exports expanded sharply to 8.4M units in 2022, with an increase of 11% on 2021 figures. The total export volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. The global exports peaked at 8.6M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, ship derrick buckets and shovels exports soared to $3B in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
Exports By Country
The shipments of the twelve major exporters of buckets, shovels, grabs and grips for ships’ derricks and cranes, namely Mexico, China, Poland, Germany, Italy, India, South Korea, Hungary, the Netherlands, Canada, the UK and the United States, represented more than two-thirds of total export. Turkey (242K units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +32.5%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest ship derrick buckets and shovels supplying countries worldwide were China ($310M), the United States ($283M) and Mexico ($274M), with a combined 29% share of global exports. Germany, Italy, the Netherlands, South Korea, Poland, Canada, India, the UK, Hungary and Turkey lagged somewhat behind, together comprising a further 43%.
India, with a CAGR of +24.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $360 per unit in 2022, surging by 4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($1,068 per unit), while India ($195 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for ship derrick buckets and shovels. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28222000 - Buckets, shovels, grabs and grips for ships
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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