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

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Europe

The Europe mechanical shovel and excavator market dropped to $X.5B in 2022, with a decrease of X% against the previous year. Over the period under review, consumption showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Europe

In value terms, mechanical shovel and excavator production contracted to $X.9B in 2022 estimated in export price. Overall, production showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X.5B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in Europe

In 2022, mechanical shovel and excavator exports in Europe reduced modestly to X units, approximately reflecting the previous year's figure. Total exports indicated modest 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then dropped modestly in the following year.

In value terms, mechanical shovel and excavator exports shrank 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 most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

The UK represented the key exporting country with an export of about X units, which reached X% of total exports. The Netherlands (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and Belgium (X%). France (X units), Austria (X units) and Italy (X units) followed a long way behind the leaders.

Exports from the UK increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) and Austria (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. France and Belgium experienced a relatively flat trend pattern. By contrast, Germany (X%) and Italy (X%) illustrated a downward trend over the same period. The UK (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium, Italy and Germany saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and the UK ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in Europe stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. 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 stood at a somewhat 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 Austria ($X per unit), while the UK ($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.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in Europe

In 2022, approx. X units of mechanical shovels, excavators and shovel loaders were imported in Europe; increasing by X% compared with the previous year's figure. Total imports indicated prominent 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. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, mechanical shovel and excavator imports expanded markedly to $X in 2022. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the UK (X units), distantly followed by the Netherlands (X units), Russia (X units), Belgium (X units), Germany (X units) and Italy (X units) represented the main importers of mechanical shovels, excavators and shovel loaders, together achieving X% of total imports. France (X units), Poland (X units), Spain (X units), Austria (X units), Norway (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (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 importing markets in Europe were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising X% of total imports. Russia, the UK, Italy, France, Poland, Austria, Norway, Spain and Denmark lagged somewhat behind, together comprising 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

The import price in Europe stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked at $X per unit in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while the UK ($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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