EU: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

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

The EU mechanical shovel and excavator market shrank slightly to $X.9B in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of X%. The level of consumption peaked at $X.6B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, mechanical shovel and excavator production declined modestly to $X.4B in 2022 estimated in export price. Overall, production continues to indicate a dramatic contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X.9B 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 in the EU

In 2022, mechanical shovel and excavator exports in the European Union declined to X units, shrinking by X% compared with the year before. Over the period under review, exports recorded a mild setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mechanical shovel and excavator exports reduced modestly to $X in 2022. Total exports indicated a mild expansion 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

The Netherlands (X units) and Germany (X units) were the key exporters of mechanical shovels, excavators and shovel loaders in 2022, amounting to approx. X% and X% of total exports, respectively. Belgium (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%), Austria (X%), Italy (X%) and the Czech Republic (X%). Poland (X units) followed a long way behind the leaders.

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

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. France, Austria, Italy, the Czech Republic and Poland lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, surging by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price 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, mechanical shovel and excavator export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in the EU

Mechanical shovel and excavator imports stood at X units in 2022, picking up by X% against the year before. Total imports indicated noticeable growth from 2012 to 2022: its volume 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator imports rose remarkably to $X in 2022. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, the Netherlands (X units), distantly followed by Belgium (X units), Germany (X units), Italy (X units), France (X units) and Poland (X units) were the key importers of mechanical shovels, excavators and shovel loaders, together creating X% of total imports. The following importers - Spain (X units), Austria (X units), Denmark (X units), Sweden (X units), Ireland (X units), the Czech Republic (X units) and Finland (X units) - together made up X% of total imports.

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

In value terms, the largest mechanical shovel and excavator importing markets in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined X% share of total imports. Italy, France, Poland, Austria, Spain, Sweden, Denmark, the Czech Republic, Finland and Ireland lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in the European Union amounted to $X per unit, with an increase of X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price 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, mechanical shovel and excavator import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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