EU: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in the EU

The EU construction equipment blade market surged to $X in 2022, increasing by 28% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Construction Equipment Blade Production in the EU

In value terms, construction equipment blade production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 6.7% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Construction Equipment Blade Exports

Exports in the EU

In 2022, the amount of blades for construction equipment exported in the European Union declined to X units, reducing by -9.8% on the year before. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, construction equipment blade exports reduced to $X in 2022. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany represented the main exporter of blades for construction equipment in the European Union, with the volume of exports accounting for X units, which was approx. 36% of total exports in 2022. Hungary (X units) ranks second in terms of the total exports with a 17% share, followed by Slovakia (11%), Spain (8.3%) and the Netherlands (5.4%). Estonia (X units), Italy (X units), Poland (X units), Belgium (X units), Romania (X units), France (X units) and Finland (X units) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +6.5% from 2012 to 2022. At the same time, Romania (+55.7%), Slovakia (+21.9%), Spain (+20.9%), Poland (+15.5%) and Estonia (+4.7%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +55.7% from 2012-2022. By contrast, the Netherlands (-3.9%), Belgium (-5.9%), Finland (-6.4%), France (-6.7%), Hungary (-7.9%) and Italy (-14.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Slovakia, Spain, Poland and Romania increased by +18, +10, +7.1, +2.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Hungary ($X) and Slovakia ($X) were the countries with the highest levels of exports in 2022, together accounting for 58% of total exports. Spain, Italy, Estonia, the Netherlands, Belgium, France, Finland, Poland and Romania lagged somewhat behind, together accounting for a further 36%.

Among the main exporting countries, Romania, with a CAGR of +53.5%, 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 2022, the export price in the European Union amounted to $X per unit, picking up by 3.5% against the previous year. Over the period under review, the export price, however, showed a mild decline. The pace of growth appeared the most rapid in 2021 when the export price increased by 16%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.8%), while the other leaders experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports in the EU

Construction equipment blade imports expanded sharply to X units in 2022, with an increase of 11% on the previous year. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, construction equipment blade imports skyrocketed to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +74.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Austria (X units) and Hungary (X units) were the largest importers of blades for construction equipment in the European Union, together committing 48% of total imports. It was distantly followed by the Netherlands (X units), France (X units), Italy (X units), Finland (X units) and Germany (X units), together making up a 34% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +6.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest construction equipment blade importing markets in the European Union were Austria ($X), Hungary ($X) and France ($X), together accounting for 50% of total imports. Germany, Finland, the Netherlands and Italy lagged somewhat behind, together comprising a further 26%.

In terms of the main importing countries, Finland, with a CAGR of +8.0%, 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 2022, the import price in the European Union amounted to $X per unit, growing by 7.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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