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

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

The Austrian mechanical shovel and excavator market skyrocketed to $X in 2021, rising by 338% against the previous year. In general, consumption continues to indicate a mild expansion. Mechanical shovel and excavator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in Austria

In value terms, mechanical shovel and excavator production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -32.4% against 2018 indices. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Austria

After two years of decline, overseas shipments of mechanical shovels, excavators and shovel loaders increased by 22% to X units in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -27.5% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 28%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for mechanical shovel and excavator exports from Austria, with a 26% share of total exports. Moreover, mechanical shovel and excavator exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by France (X units), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.3% per year) and France (+9.2% per year).

In value terms, Germany ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Austria, comprising 27% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.4% per year) and France (+9.2% per year).

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, surging by 6.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Egypt ($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 Romania (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Austria

In 2021, the amount of mechanical shovels, excavators and shovel loaders imported into Austria soared to X units, growing by 19% compared with the previous year. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. In general, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), Germany (X units) and the UK (X units) were the main suppliers of mechanical shovel and excavator imports to Austria, with a combined 69% share of total imports. China, the Netherlands, Switzerland, Sweden, Belgium, France and South Korea lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +45.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the UK ($X) constituted the largest mechanical shovel and excavator suppliers to Austria, together accounting for 67% of total imports. Sweden, Switzerland, the Netherlands, France, China, Belgium and South Korea lagged somewhat behind, together comprising a further 28%.

China, with a CAGR of +33.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2021, surging by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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