Report Update: May 1, 2024

Portugal - Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes - Market Analysis, Forecast, Size, Trends And Insights

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Price for Ship Derrick Buckets and Shovels in Portugal - 2023

Price for Ship Derrick Buckets and Shovels in Portugal (FOB) - 2023

The average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $466 per unit in August 2023, with an increase of 76% against the previous month. Over the period under review, export price indicated a measured expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, ship derrick buckets and shovels export price increased by +78.0% against June 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($711 per unit), while the average price for exports to the UK ($287 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ship Derrick Buckets and Shovels in Portugal (CIF) - 2023

The average import price for buckets, shovels, grabs and grips for ships’ derricks and cranes stood at $469 per unit in August 2023, jumping by 140% against the previous month. Overall, the import price posted a resilient increase. The pace of growth was the most pronounced in March 2023 when the average import price increased by 175% month-to-month. The import price peaked at $557 per unit in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Angola ($2,703 per unit), while the price for China ($84.1 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Angola (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ship Derrick Buckets and Shovels in Portugal

In 2022, ship derrick buckets and shovels exports from Portugal reduced dramatically to 66K units, falling by -16.4% against the year before. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. As a result, the exports reached the peak of 79K units, and then reduced dramatically in the following year.

In value terms, ship derrick buckets and shovels exports reduced to $18M in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of $18M, and then shrank in the following year.

Export of Ship Derrick Buckets and Shovels in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	5.5	3.9	6.5	6.3	4.6%
France	6.2	5.7	6.7	5.7	-2.8%
Spain	1.0	1.0	1.0	1.4	11.9%
Italy	0.2	0.2	0.9	0.9	65.1%
United States	0.5	0.4	0.9	0.8	17.0%
Angola	0.1	0.1	0.3	0.7	91.3%
Ireland	0.5	0.3	0.4	0.4	-7.2%
Others	1.4	1.8	1.5	1.5	2.3%
Total	15.4	13.4	18.1	17.6	4.6%

Top Export Markets for Ship Derrick Buckets and Shovels from Portugal in 2022:

United Kingdom (32.3K units)
France (17.3K units)
Spain (4.4K units)
Italy (2.5K units)
Angola (2.1K units)
United States (1.9K units)
Ireland (1.6K units)

Imports of Ship Derrick Buckets and Shovels in Portugal

In 2022, imports of buckets, shovels, grabs and grips for ships derricks and cranes into Portugal surged to 39K units, increasing by 53% on the previous year. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ship derrick buckets and shovels imports skyrocketed to $8.3M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Ship Derrick Buckets and Shovels in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,462	1,062	1,648	3,481	33.5%
Netherlands	1,044	111	411	1,089	1.4%
Spain	468	904	829	798	19.5%
Italy	554	729	434	698	8.0%
Sweden	101	52.6	250	604	81.5%
Austria	842	143	370	461	-18.2%
United Kingdom	235	239	218	258	3.2%
Czech Republic	1,340	258	381	237	-43.9%
Others	929	1,325	894	715	-8.4%
Total	6,976	4,823	5,435	8,341	6.1%

Top Suppliers of Ship Derrick Buckets and Shovels to Portugal in 2022:

China (25.9K units)
Netherlands (3.1K units)
Spain (2.6K units)
United Kingdom (1.7K units)
Italy (1.4K units)
Sweden (1.4K units)
Czech Republic (0.7K units)
Austria (0.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Portugal. 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:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023