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

The South Asian market for buckets, shovels, grabs and grips for ships derricks and cranes stood at $X in 2023, with an increase of X% against the previous year. The total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

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 2023 estimated in export price. The total production indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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

Exports in Southern Asia

After two years of growth, overseas shipments of buckets, shovels, grabs and grips for ships derricks and cranes decreased by X% to X units in 2023. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2022, and then fell in the following year.

In value terms, ship derrick buckets and shovels exports dropped dramatically to $X in 2023. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then fell significantly in the following year.

Exports by Country

The shipments of the one major exporters of buckets, shovels, grabs and grips for ships derricks and cranes, namely India, represented more than two-thirds of total export.

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 2023. 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 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, dropping by X% against the previous year. In general, the export price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, 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 surged to X units in 2023, picking up by X% on the year before. In general, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, ship derrick buckets and shovels imports surged to $X in 2023. Overall, imports, however, saw a abrupt contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X units) represented the main importer of buckets, shovels, grabs and grips for ships derricks and cranes, achieving X% of total imports. It was distantly followed by Bangladesh (X units) and Sri Lanka (X units), together creating a X% share of total imports. The following importers - Nepal (X units), Maldives (X units) and Pakistan (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported buckets, shovels, grabs and grips for ships derricks and cranes in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, ship derrick buckets and shovels imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, saw a pronounced slump. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2023, 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