EU: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in the EU

The EU ride-on compaction equipment market amounted to $X in 2022, flattening at the previous year. The total consumption indicated a buoyant 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Ride-On Compaction Equipment Production in the EU

In value terms, ride-on compaction equipment production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Ride-On Compaction Equipment Exports

Exports in the EU

In 2022, the amount of ride-on compaction equipment exported in the European Union reduced slightly to X units, remaining stable against the previous year's figure. In general, exports saw a mild decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports dropped modestly to $X in 2022. Overall, exports saw a slight decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany was the key exporting country with an export of about X units, which resulted at X% of total exports. Sweden (X units) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%), Italy (X%) and Belgium (X%). The following exporters - the Netherlands (X units) and France (X units) - each recorded a X% share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of ride-on compaction equipment. At the same time, Sweden (X%), the Czech Republic (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Italy and Belgium experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. Sweden (X p.p.), the Czech Republic (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total exports, while France saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest ride-on compaction equipment supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 the Netherlands ($X per unit), while France ($X per unit) was amongst the lowest.

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

Ride-On Compaction Equipment Imports

Imports in the EU

For the seventh consecutive year, the European Union recorded growth in purchases abroad of ride-on compaction equipment, which increased by X% to X units in 2022. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ride-on compaction equipment imports dropped to $X in 2022. Total imports indicated a pronounced 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

France (X units), the Czech Republic (X units), Sweden (X units), Denmark (X units), the Netherlands (X units), Greece (X units), Germany (X units), Belgium (X units), Slovakia (X units), Italy (X units), Spain (X units) and Poland (X units) represented roughly X% of total imports in 2022.

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

In value terms, the largest ride-on compaction equipment importing markets in the European Union were France ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of total imports. Poland, Italy, Belgium, Spain, the Czech Republic, Denmark, Sweden, Greece and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Greece, 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 a decrease of X% against the previous year. In general, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform