Europe: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Europe

The Europe self-propelled excavating machinery market expanded notably to $X in 2023, surging by X% against the previous year. In general, consumption, however, saw a abrupt shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Production in Europe

In value terms, self-propelled excavating machinery production totaled $X in 2023 estimated in export price. Overall, production showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in Europe

In 2023, approx. X units of self-propelled earth moving, excavating machinery were exported in Europe; falling by X% on 2022 figures. In general, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, self-propelled excavating machinery exports amounted to $X in 2023. Over the period under review, exports showed a perceptible contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) and Germany (X units) represented the major exporters of self-propelled earth moving, excavating machinery in 2023, recording approx. X% and X% of total exports, respectively. It was distantly followed by Italy (X units), the UK (X units) and France (X units), together making up a X% share of total exports. Sweden (X units), Finland (X units), Belgium (X units), Norway (X units), Ireland (X units), Poland (X units) and Switzerland (X units) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest self-propelled excavating machinery supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($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 rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: 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, surging by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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

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

Self-Propelled Excavating Machinery Imports

Imports in Europe

In 2023, approx. X units of self-propelled earth moving, excavating machinery were imported in Europe; surging by X% against 2022. Total imports indicated tangible growth from 2012 to 2023: its volume 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2023. Total imports indicated a mild 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, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Russia represented the largest importer of self-propelled earth moving, excavating machinery in Europe, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by France (X units) and the Netherlands (X units), together making up a X% share of total imports. Spain (X units), Belgium (X units), the UK (X units), Portugal (X units), Ireland (X units), Romania (X units), Poland (X units), Germany (X units) and the Czech Republic (X units) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to self-propelled excavating machinery imports into Russia stood at X%. At the same time, Ireland (X%), the Czech Republic (X%), Spain (X%), France (X%), the Netherlands (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Romania experienced a relatively flat trend pattern. By contrast, Poland (X%), the UK (X%), Germany (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), France (X p.p.), the Netherlands (X p.p.), Spain (X p.p.) and Ireland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Germany (X p.p.), the UK (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest self-propelled excavating machinery importing markets in Europe were Russia ($X), France ($X) and the Netherlands ($X), together accounting for X% of total imports. Spain, Belgium, the UK, Germany, Romania, the Czech Republic, Poland, Portugal and Ireland lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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, almost unchanged from the previous year. Overall, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. 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.

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

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

Source: IndexBox Platform