
Germany - Machinery For Public Works And Building - Market Analysis, Forecast, Size, Trends And Insights
Public Works Machinery Price in Germany Peaks at $1,859 per Unit
Germany Public Works Machinery Export Price in November 2022
In November 2022, the public works machinery price stood at $1,859 per unit (FOB, Germany), picking up by 11% against the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +2.1%. 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 the United States ($2,170 per unit), while the average price for exports to Vietnam ($1,119 per unit) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Germany Public Works Machinery Exports
Public works machinery exports from Germany dropped slightly to 71K units in November 2022, waning by -1.9% compared with October 2022. Overall, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in May 2022 when exports increased by 24% month-to-month. As a result, the exports reached the peak of 93K units; afterwards, it flattened through to November 2022.
In value terms, public works machinery exports rose markedly to $132M (IndexBox estimates) in November 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2022 with an increase of 18% m-o-m. As a result, the exports reached the peak of $154M. From June 2022 to November 2022, the growth of the exports remained at a lower figure.
Germany Public Works Machinery Exports by Country
the United States (24K units) was the main destination for public works machinery exports from Germany, accounting for a 33% share of total exports. Moreover, public works machinery exports to the United States exceeded the volume sent to the second major destination, India (3.6K units), sevenfold. Brazil (3.3K units) ranked third in terms of total exports with a 4.7% share.
From January 2022 to November 2022, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: India (+1.5% per month) and Brazil (+18.1% per month).
In value terms, the United States ($52M) remains the key foreign market for public works machinery exports from Germany, comprising 39% of total exports. The second position in the ranking was taken by Italy ($5.5M), with a 4.2% share of total exports. It was followed by India, with a 3.9% share.
From January 2022 to November 2022, the average monthly rate of growth in terms of value to the United States amounted to +1.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Italy (-2.0% per month) and India (+4.6% per month).
Public Works Machinery Market Overview
The cost of public works machinery in Germany is relatively high when compared to other countries. This is due to the high quality and performance of the machines. Additionally, the manufacturers often offer a wide range of machines to choose from, which can drive up the price. However, many public works projects in Germany are able to obtain financing through government grants or loans, which can help offset the cost of the machinery.
This growth of public works machinery market can be attributed to the increasing construction activities and infrastructural development projects taking place in the country. Moreover, the growing demand for energy-efficient and environment-friendly machinery is also fuelling the growth of the market.
This report provides an in-depth analysis of the public works machinery market in Germany. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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