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

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

The German mechanical shovel and excavator market contracted modestly to $X in 2022, shrinking by X% against the previous year. Overall, consumption faced a sharp contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Germany

In value terms, mechanical shovel and excavator production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a dramatic downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Mechanical shovel and excavator production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Germany

In 2022, approx. X units of mechanical shovels, excavators and shovel loaders were exported from Germany; waning by X% compared with the previous year. Overall, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports fell to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

The Netherlands (X units) was the main destination for mechanical shovel and excavator exports from Germany, accounting for a X% share of total exports. Moreover, mechanical shovel and excavator exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X units), threefold. France (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and France (X% per year).

In value terms, the largest markets for mechanical shovel and excavator exported from Germany were the Netherlands ($X), France ($X) and the United States ($X), with a combined X% share of total exports. Poland, Sweden, the UK, Canada, Austria, Italy, Belgium, the Czech Republic, Switzerland and Denmark lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Germany

In 2022, the amount of mechanical shovels, excavators and shovel loaders imported into Germany expanded modestly to X units, surging by X% against the year before. Overall, total imports indicated a mild increase 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 most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, mechanical shovel and excavator imports fell slightly to $X in 2022. In general, total imports indicated a moderate 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 pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

The Netherlands (X units), China (X units) and Austria (X units) were the main suppliers of mechanical shovel and excavator imports to Germany, together accounting for X% of total imports.

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

In value terms, the Netherlands ($X), Belgium ($X) and France ($X) were the largest mechanical shovel and excavator suppliers to Germany, with a combined X% share of total imports. Austria, Sweden, the UK, China, Japan and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, saw 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 average mechanical shovel and excavator import price amounted to $X per unit, shrinking by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price 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, mechanical shovel and excavator import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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