Global Public Works Machinery Market 2024

Public Works Machinery Market Size

In 2022, the global public works machinery market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated a noticeable 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. Over the period under review, the global market reached the maximum level at $X in 2021, and then dropped modestly in the following year.

Public Works Machinery Production

In value terms, public works machinery production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, global production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Public Works Machinery Exports

Exports

In 2022, overseas shipments of machinery for public works and building increased by X% to X units, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, public works machinery exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2018; afterwards, it flattened through to 2022.

Exports by Country

In 2022, Germany (X units), distantly followed by Australia (X units), India (X units) and the United States (X units) represented the key exporters of machinery for public works and building, together generating X% of total exports. Italy (X units), the Netherlands (X units), China (X units), Spain (X units), Singapore (X units) and Denmark (X units) took a little share of total exports.

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

In value terms, Germany ($X) remains the largest public works machinery supplier worldwide, comprising X% of global exports. The second position in the ranking was held by China ($X), with a X% share of global exports. It was followed by the United States, with an X% share.

In Germany, public works machinery exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average public works machinery export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced mixed trends in the export price figures.

Public Works Machinery Imports

Imports

In 2022, global imports of machinery for public works and building skyrocketed to X units, jumping by X% against the year before. In general, 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, public works machinery imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) represented the major importer of machinery for public works and building, creating X% of total imports. It was distantly followed by Canada (X units), Singapore (X units) and Brazil (X units), together constituting a X% share of total imports. The following importers - France (X units), Russia (X units), Qatar (X units), Australia (X units), Mexico (X units), India (X units), Chile (X units) and the Philippines (X units) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), the Philippines (X%), Singapore (X%), Canada (X%), Qatar (X%), Mexico (X%), Australia (X%), Chile (X%), Brazil (X%) and France (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), Canada (X p.p.), Singapore (X p.p.) and India (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (X p.p.), France (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, the United States ($X), France ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of global imports.

Among the main importing countries, the United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average public works machinery import price amounted to $X per unit, waning by X% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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