Europe: Public Works Machinery Market 2024

Public Works Machinery Market Size in Europe

For the fourth consecutive year, the Europe public works machinery market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, posted prominent growth. The level of consumption peaked in 2023 and is likely to continue growth in the near future.

Public Works Machinery Production in Europe

In value terms, public works machinery production reached $X in 2023 estimated in export price. The total production indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Public Works Machinery Exports

Exports in Europe

In 2023, shipments abroad of machinery for public works and building decreased by X% to X units, falling for the second consecutive year after two years of growth. Total exports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, public works machinery exports totaled $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Germany dominates exports structure, recording X units, which was near X% of total exports in 2023. Italy (X units) ranks second in terms of the total exports with an X% share, followed by the Netherlands (X%) and Spain (X%). Denmark (X units), France (X units), Sweden (X units), Belgium (X units), Russia (X units), Poland (X units) and Finland (X units) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to public works machinery exports from Germany stood at X%. At the same time, the Netherlands (X%), Poland (X%), Denmark (X%), Sweden (X%), Spain (X%), Belgium (X%), Finland (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), the Netherlands (X p.p.), Spain (X p.p.) and Denmark (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Italy (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest public works machinery supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Germany totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

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 Finland ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Public Works Machinery Imports

Imports in Europe

In 2023, public works machinery imports in Europe rose notably to X units, increasing by X% on the previous year's figure. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, public works machinery imports expanded rapidly to $X in 2023. Total imports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Russia (X units), France (X units), the UK (X units), Norway (X units) and Italy (X units) represented roughly X% of total imports in 2023. Poland (X units), Germany (X units), Spain (X units), Switzerland (X units), the Netherlands (X units), Sweden (X units), Romania (X units) and Portugal (X units) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest public works machinery importing markets in Europe were France ($X), the UK ($X) and Russia ($X), together comprising X% of total imports. Italy, Poland, Germany, Sweden, Romania, Spain, the Netherlands, Switzerland, Norway and Portugal lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform