EU: Self-Propelled Excavating Machinery Market 2025

Self-Propelled Excavating Machinery Market Size in the EU

The EU self-propelled excavating machinery market declined to $X in 2021, waning by -14.9% against the previous year. Overall, consumption showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 5.9% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Production in the EU

In value terms, self-propelled excavating machinery production reached $X in 2021 estimated in export price. In general, production, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.1%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in the EU

In 2021, the amount of self-propelled earth moving, excavating machinery exported in the European Union surged to X units, picking up by 47% against 2020. Overall, exports saw a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 71%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, self-propelled excavating machinery exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2017 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the four major exporters of self-propelled earth moving, excavating machinery, namely the Netherlands, Germany, Italy and France, represented more than two-thirds of total export. Sweden (X units) took the next position in the ranking, followed by Finland (X units) and Belgium (X units). All these countries together took approx. 20% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +34.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled excavating machinery supplying countries in the European Union were Germany ($X), Italy ($X) and Sweden ($X), with a combined 59% share of total exports.

Among the main exporting countries, Italy, with a CAGR of +8.4%, saw 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

The export price in the European Union stood at $X per unit in 2021, waning by -21% against the previous year. Overall, the export price saw a deep contraction. The growth pace was the most rapid in 2013 when the export price increased by 5.7% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

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 Finland ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-6.2%), while the other leaders experienced a decline in the export price figures.

Self-Propelled Excavating Machinery Imports

Imports in the EU

In 2021, purchases abroad of self-propelled earth moving, excavating machinery increased by 9.3% to X units, rising for the sixth consecutive year after three years of decline. In general, imports showed pronounced growth. The most prominent rate of growth was recorded in 2019 with an increase of 29%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, self-propelled excavating machinery imports soared to $X in 2021. Overall, imports enjoyed a temperate increase. The pace of growth appeared the most rapid in 2019 when imports increased by 30% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, France (X units), distantly followed by Belgium (X units), the Netherlands (X units), Denmark (X units), the Czech Republic (X units) and Austria (X units) were the main importers of self-propelled earth moving, excavating machinery, together making up 76% of total imports. Portugal (X units), Germany (X units), Hungary (X units), Poland (X units), Romania (X units) and Sweden (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +34.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled excavating machinery importing markets in the European Union were France ($X), Belgium ($X) and the Netherlands ($X), with a combined 56% share of total imports. These countries were followed by Denmark, the Czech Republic, Austria, Portugal, Germany, Hungary, Poland, Romania and Sweden, which together accounted for a further 33%.

Hungary, with a CAGR of +33.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, picking up by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belgium ($X per unit) and Austria ($X per unit), while Sweden ($X per unit) and Romania ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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