EU: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in the EU

The EU unit construction machine market was finally on the rise to reach $X in 2023, after three years of decline. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Unit Construction Machine Production in the EU

In value terms, unit construction machine production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Unit Construction Machine Exports

Exports in the EU

In 2023, overseas shipments of unit construction machines for working metal decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then dropped significantly in the following year.

In value terms, unit construction machine exports fell to $X in 2023. Overall, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X units) and the Netherlands (X units) were the key exporters of unit construction machines for working metal in 2023, recording approx. X% and X% of total exports, respectively. It was distantly followed by France (X units) and Slovenia (X units), together making up a X% share of total exports. The following exporters - the Czech Republic (X units) and Sweden (X units) - each finished at a X% share of total exports.

From 2012 to 2023, 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, Italy ($X) remains the largest unit construction machine supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

In Italy, unit construction machine exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: France (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 2023, picking up by X% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced a decline in the export price figures.

Unit Construction Machine Imports

Imports in the EU

After two years of growth, overseas purchases of unit construction machines for working metal decreased by X% to X units in 2023. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2022, and then shrank remarkably in the following year.

In value terms, unit construction machine imports skyrocketed to $X in 2023. Over the period under review, imports saw a slight reduction. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

The Netherlands was the major importing country with an import of around X units, which reached X% of total imports. Denmark (X units) ranks second in terms of the total imports with a X% share, followed by Slovakia (X%) and Spain (X%). Austria (X units), France (X units) and Portugal (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to unit construction machine imports into the Netherlands stood at X%. At the same time, Slovakia (X%), Denmark (X%), Austria (X%), Portugal (X%), Spain (X%) and France (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Denmark, the Netherlands, Slovakia, Austria and Spain increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Austria ($X) constitutes the largest market for imported unit construction machines for working metal in the European Union, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

In Austria, unit construction machine imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, faced a abrupt slump. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform