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 Africa

In 2022, after two years of growth, there was decline in the African market for buckets, shovels, grabs and grips for ships derricks and cranes, when its value decreased by X% to $X. The total consumption indicated a perceptible 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. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, ship derrick buckets and shovels production reached $X in 2022 estimated in export price. The total production indicated a moderate 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 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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

Exports in Africa

After three years of decline, overseas shipments of buckets, shovels, grabs and grips for ships derricks and cranes increased by X% to X units in 2022. Over the period under review, exports continue to indicate a temperate increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, ship derrick buckets and shovels exports soared to $X in 2022. Overall, exports recorded a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Zambia (X units), comprising an X% share of total exports. Namibia (X units), Cote d'Ivoire (X units), Morocco (X units), Mauritius (X units), Lesotho (X units) and Rwanda (X units) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Lesotho (X%), Rwanda (X%), Mauritius (X%), Cote d'Ivoire (X%), Zambia (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Zambia, South Africa, Lesotho and Rwanda increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest ship derrick buckets and shovels supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the 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 export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per unit), while Rwanda ($X per unit) was amongst the lowest.

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

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

Imports in Africa

In 2022, the amount of buckets, shovels, grabs and grips for ships derricks and cranes imported in Africa reduced to X units, waning by X% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, ship derrick buckets and shovels imports dropped to $X in 2022. Over the period under review, imports showed a noticeable slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X units), followed by Ghana (X units), Zambia (X units), Democratic Republic of the Congo (X units) and Zimbabwe (X units) represented the main importers of buckets, shovels, grabs and grips for ships derricks and cranes, together making up X% of total imports. The following importers - Algeria (X units), Cote d'Ivoire (X units), Nigeria (X units), Morocco (X units), Angola (X units), Tanzania (X units), Senegal (X units) and Guinea (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels importing markets in Africa were South Africa ($X), Ghana ($X) and Zambia ($X), together comprising X% of total imports. Nigeria, Algeria, Cote d'Ivoire, Senegal, Angola, Zimbabwe, Democratic Republic of the Congo, Tanzania, Morocco and Guinea lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Senegal, 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 import price in Africa stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2021 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 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 Nigeria ($X per unit), while Democratic Republic of the Congo ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :