United Kingdom: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in the UK

The UK mechanical shovel and excavator market declined slightly to $X in 2022, approximately reflecting the previous year. In general, consumption faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X.9B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in the UK

In value terms, mechanical shovel and excavator production stood at $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X.2B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from the UK

In 2022, exports of mechanical shovels, excavators and shovel loaders from the UK expanded to X units, increasing by X% against the previous year's figure. Overall, exports showed moderate growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, mechanical shovel and excavator exports shrank to $X in 2022. Over the period under review, exports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X units), Belgium (X units) and the United States (X units) were the main destinations of mechanical shovel and excavator exports from the UK, together comprising X% of total exports. Germany, the Netherlands, Poland, France, Italy, Japan, Sweden, Finland, Spain and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from the UK, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Ireland (X% per year).

Export Prices by Country

In 2022, the average mechanical shovel and excavator export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into the UK

In 2022, supplies from abroad of mechanical shovels, excavators and shovel loaders increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, mechanical shovel and excavator imports expanded rapidly to $X in 2022. Overall, total imports indicated prominent growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of mechanical shovel and excavator imports to the UK, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical shovel and excavator suppliers to the UK were Japan ($X), China ($X) and Germany ($X), together accounting for X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mechanical shovel and excavator import price amounted to $X per unit, waning by X% against the previous year. In general, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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