EU: Loading Machinery Market 2024

Loading Machinery Market Size in the EU

The EU loading machinery market skyrocketed to $X in 2022, with an increase of 33% against the previous year. Overall, consumption, however, showed a pronounced contraction. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Loading Machinery Production in the EU

In value terms, loading machinery production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 16%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Loading Machinery Exports

Exports in the EU

Loading machinery exports stood at X units in 2022, with an increase of 3% on 2021. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 20%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, loading machinery exports fell modestly to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

Germany represented the largest exporting country with an export of about X units, which resulted at 31% of total exports. It was distantly followed by the Netherlands (X units), France (X units), Italy (X units) and Romania (X units), together mixing up a 43% share of total exports. Poland (X units), Sweden (X units), the Czech Republic (X units), Spain (X units), Austria (X units) and Finland (X units) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, Romania (+11.4%), Italy (+9.5%), Poland (+9.5%), France (+9.2%), the Czech Republic (+8.6%), the Netherlands (+4.7%), Spain (+4.1%), Austria (+2.3%) and Sweden (+2.2%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +11.4% from 2012-2022. By contrast, Finland (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France, Italy and Romania increased by +4.3, +4.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest loading machinery supplier in the European Union, comprising 37% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at +4.7%. In the other countries, the average annual rates were as follows: the Netherlands (+6.7% per year) and Italy (+7.5% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, declining by -4.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.4%), while the other leaders experienced more modest paces of growth.

Loading Machinery Imports

Imports in the EU

In 2022, approx. X units of lifting, handling, loading or unloading machinery were imported in the European Union; surging by 8.1% compared with the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +23.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 19%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, loading machinery imports expanded sharply to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, the Netherlands (X units) and Germany (X units) represented the key importers of lifting, handling, loading or unloading machinery in the European Union, together resulting at near 37% of total imports. France (X units) ranks next in terms of the total imports with an 11% share, followed by Spain (6.4%), Italy (6.4%), Poland (5.7%) and Belgium (5.4%). Sweden (X units), Austria (X units), the Czech Republic (X units), Portugal (X units), Romania (X units) and Hungary (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 49% of total imports. These countries were followed by Spain, Italy, Poland, Austria, Sweden, Belgium, the Czech Republic, Hungary, Romania and Portugal, which together accounted for a further 40%.

In terms of the main importing countries, Spain, with a CAGR of +18.8%, recorded 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

The import price in the European Union stood at $X per unit in 2022, reducing by -2.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 4.6% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Portugal ($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 (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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