Which Country Exports the Most Mining Machinery in the World?
Machinery For Mining, Quarrying And Construction May 28, 2018
Global mining machinery exports stood at 2.1M tonnes in 2016, waning by -2.1% against the previous year level. In general, mining machinery exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2011, when export increased by 17% year-to-year. Over the period under review, global mining machinery exports reached its maximum volume of 2.6M tonnes in 2008; however, from 2009 to 2016, it failed to regain its strength.
In value terms, mining machinery exports stood at $14B in 2016. Overall, mining machinery exports continue to indicate a temperate descent. In that year, global mining machinery exports attained its maximum level of $22B. From 2009 to 2016, growth of global mining machinery exports stood at a somewhat lower level.
Top Mining Machinery Exporting Countries in the World
1. China (2,477.1 million USD)
2. Germany (2,057.9 million USD)
3. Italy (1,386.5 million USD)
4. USA (1,146.8 million USD)
5. United Kingdom (936.8 million USD)
6. Spain (361.1 million USD)
7. Canada (354.8 million USD)
8. France (347.8 million USD)
9. India (308.5 million USD)
10. South Africa (297.6 million USD)
11. Turkey (273.4 million USD)
12. Indonesia (107.2 million USD)
Mining Machinery Exports By Country
In 2016, China (510K tonnes) represented the major exporter for mining machinery, achieving 25% of total exports. Germany (180K tonnes) occupied the second position in the ranking, followed by Italy (177K tonnes), the U.S. (141K tonnes), and the UK (137K tonnes). All these countries together occupied near 31% share of total exports. Turkey (75K tonnes), India (62K tonnes), Spain (58K tonnes), Canada (44K tonnes), South Africa (43K tonnes), Indonesia (41K tonnes), and France (38K tonnes) followed a long way behind this figure.
From 2007 to 2016, average annual rates of growth with regard to mining machinery exports from China stood at +8.5%. At the same time, India (+12.6%), Indonesia (+6.5%), Spain (+2.9%), and Turkey (+2.5%) displayed positive paces of growth. Moreover, India emerged as the fastest growing importer/exporter in the world, with a CAGR of +12.6% from 2007-2016. Canada experienced a relatively flat trend pattern. By contrast, Italy (-2.3%), South Africa (-2.4%), the U.S. (-3.1%), the UK (-3.9%), Germany (-5.9%), and France (-8.6%) illustrated a downward trend over the same period. From 2007 to 2016, the share of Germany, the UK, France, the U.S., and Italy increased by 6%, 3%, 2%, 2%, and 2% percentage points, while India (-2.0%), and China (-12.8%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest mining machinery markets worldwide were China ($2.5B), Germany ($2.1B) and Italy ($1.4B), with a combined 42% share of global exports. These countries were followed by the U.S., the UK, Spain, Canada, France, India, South Africa, Turkey and Indonesia, which together accounted for a further 30%.
Indonesia (+11.9% per year) experienced the highest growth rate of mining machinery exports, in terms of the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.
Mining Machinery Export Prices By Country
In 2016, the average export price for mining machinery amounted to $6,789 per tonne, lowering by -8.0% against the previous year. Overall, mining machinery export price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2008, when export increased by 11% year-to-year. Global mining machinery export peaked of $8,728 per tonne in 2009; however, from 2010 to 2016, it stood at a somewhat lower level.
There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Germany ($11 per kg), while Indonesia ($2,634 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of mining machinery export prices was attained by Indonesia (+5.0% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global mining machinery market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- mining machinery market share
- mining machinery prices
- mining machinery industry
- mining machinery sales
- mining machinery import
- mining machinery export
- mining machinery market forecast
- mining machinery price forecast
- key mining machinery producers
All data provided in this article covers the following product: HS Code 8474 - Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores in solid form, shaping, moulding machinery for solid mineral fuels.
Source: World: Mining Machinery - Market Report. Analysis and Forecast to 2025
