Czech Republic: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in the Czech Republic

The Czech full-rotation excavator market fell to $X in 2021, waning by -7.4% against the previous year. Over the period under review, consumption, however, recorded a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Full-Rotation Excavator Production in the Czech Republic

In value terms, full-rotation excavator production contracted to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Full-Rotation Excavator Exports

Exports from the Czech Republic

For the eighth year in a row, the Czech Republic recorded growth in overseas shipments of self-propelled full-rotation excavators and bulldozers, which increased by 6.9% to X units in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 143%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, full-rotation excavator exports expanded notably to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 156% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), the UK (X units) and Germany (X units) were the main destinations of full-rotation excavator exports from the Czech Republic, with a combined 52% share of total exports. These countries were followed by France, Italy, Belgium, Poland, Brazil, India, the Netherlands and Australia, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +90.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and France ($X) were the largest markets for full-rotation excavator exported from the Czech Republic worldwide, together comprising 45% of total exports. Germany, Italy, Belgium, Poland, Brazil, the Netherlands, India and Australia lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Belgium, with a CAGR of +65.1%, 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

In 2021, the average full-rotation excavator export price amounted to $X per unit, surging by 2.4% against the previous year. In general, the export price recorded a mild increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 7.4% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($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 France (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into the Czech Republic

Full-rotation excavator imports into the Czech Republic surged to X units in 2021, increasing by 36% on the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 89% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, full-rotation excavator imports expanded significantly to $X in 2021. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 96% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X units), Austria (X units) and the Netherlands (X units) were the main suppliers of full-rotation excavator imports to the Czech Republic, with a combined 51% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +53.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Austria ($X) appeared to be the largest full-rotation excavator suppliers to the Czech Republic, with a combined 49% share of total imports. These countries were followed by France, the UK, Belgium, Italy, Sweden, China, Japan and South Korea, which together accounted for a further 44%.

Among the main suppliers, Sweden, with a CAGR of +54.6%, saw the highest growth rate of 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 2021, the average full-rotation excavator import price amounted to $X per unit, waning by -16.3% against the previous year. Over the period under review, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Sweden (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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