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

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

The EU mechanical shovel and excavator market skyrocketed to $X in 2021, with an increase of 38% against the previous year. In general, consumption, however, saw a mild decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, mechanical shovel and excavator production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in the EU

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were exported in the European Union; increasing by 29% against the previous year. Total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 -1.3% against 2019 indices. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports soared to $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% 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

In 2021, Belgium (X units), the Netherlands (X units) and Germany (X units) represented the major exporter of mechanical shovels, excavators and shovel loaders in the European Union, constituting 58% of total export. It was distantly followed by the Czech Republic (X units), France (X units), Austria (X units) and Italy (X units), together achieving a 32% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +11.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical shovel and excavator supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 60% share of total exports. These countries were followed by France, Austria, Italy and the Czech Republic, which together accounted for a further 31%.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +14.7%, recorded the highest rates of growth with regard to 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 export price in the European Union amounted to $X per unit, approximately equating the previous year. Overall, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in 2020 when the export price increased by 25% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.8%), while the other leaders experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in the EU

In 2021, imports of mechanical shovels, excavators and shovel loaders in the European Union rose markedly to X units, surging by 7.7% on the year before. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, mechanical shovel and excavator imports soared to $X in 2021. Overall, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X units), the Netherlands (X units), Germany (X units), France (X units), Poland (X units) and Italy (X units) represented the main importer of mechanical shovels, excavators and shovel loaders in the European Union, achieving 74% of total import. Austria (X units), Denmark (X units), Spain (X units), the Czech Republic (X units), Ireland (X units), Sweden (X units) and Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ireland (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical shovel and excavator importing markets in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 48% share of total imports. These countries were followed by France, Italy, Poland, Austria, Spain, Sweden, Denmark, the Czech Republic, Ireland and Slovakia, which together accounted for a further 41%.

In terms of the main importing countries, Ireland, with a CAGR of +19.7%, recorded the highest rates of growth with regard to 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 2021, with an increase of 25% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+31.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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