United Kingdom: Market for Mechanical Shovels, Excavators And Shovel Loaders 2025

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in the UK

The UK mechanical shovel and excavator market rose remarkably to $X in 2021, surging by 5.1% against the previous year. In general, consumption continues to indicate a perceptible slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in the UK

In value terms, mechanical shovel and excavator production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 267% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from the UK

In 2021, exports of mechanical shovels, excavators and shovel loaders from the UK skyrocketed to X units, surging by 634% compared with the year before. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a mild contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X units), the United States (X units) and Belgium (X units) were the main destinations of mechanical shovel and excavator exports from the UK, with a combined 36% share of total exports. Germany, the Netherlands, Poland, France, Italy, Spain, Russia, Sweden, Austria and Australia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Russia ($X) appeared to be the largest markets for mechanical shovel and excavator exported from the UK worldwide, with a combined 30% share of total exports. Ireland, France, the Netherlands, Poland, Belgium, Italy, Spain, Austria, Sweden and Australia lagged somewhat behind, together accounting for a further 40%.

Spain, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, declining by -81.9% against the previous year. Overall, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 318%. As a result, the export price reached the peak level of $X per unit, and then fell significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into the UK

Mechanical shovel and excavator imports into the UK declined rapidly to X units in 2021, which is down by -30.8% compared with the previous year. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 376%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Japan (X units) were the main suppliers of mechanical shovel and excavator imports to the UK.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +121.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to the UK, comprising 27% of total imports. The second position in the ranking was taken by Belgium ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.8% per year) and the Netherlands (+3.0% per year).

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2021, increasing by 168% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 247%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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