Europe: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Europe

The Europe self-propelled excavating machinery market contracted rapidly to $X in 2021, shrinking by -28.2% against the previous year. Overall, consumption continues to indicate a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Self-Propelled Excavating Machinery Production in Europe

In value terms, self-propelled excavating machinery production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Self-Propelled Excavating Machinery Exports

Exports in Europe

In 2021, the amount of self-propelled earth moving, excavating machinery exported in Europe skyrocketed to X units, increasing by 40% on 2020 figures. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2017 when exports increased by 68% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, self-propelled excavating machinery exports expanded to $X in 2021. Overall, exports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2017 when exports increased by 41%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from the Netherlands (X units), Germany (X units), Italy (X units) and France (X units), together amounting to 67% of total export. It was distantly followed by Sweden (X units), Finland (X units) and Belgium (X units), together creating a 20% 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 France (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Sweden ($X) constituted the countries with the highest levels of exports in 2021, together comprising 55% 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 Europe stood at $X per unit in 2021, declining by -25% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2013 when the export price increased by 6.3%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices remained at a somewhat 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 Europe

In 2021, overseas purchases of self-propelled earth moving, excavating machinery increased by 12% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, imports posted a temperate expansion. The growth pace was the most rapid in 2020 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, self-propelled excavating machinery imports expanded markedly to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +115.3% against 2015 indices. The pace of growth was the most pronounced in 2017 when imports increased by 25% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, France (X units), distantly followed by Belgium (X units), Iceland (X units), the Netherlands (X units), Norway (X units) and Denmark (X units) were the largest importers of self-propelled earth moving, excavating machinery, together constituting 67% of total imports. The UK (X units), the Czech Republic (X units), Austria (X units), Portugal (X units), Germany (X units), Hungary (X units) and Russia (X units) held a little 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, France ($X), Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together comprising 47% of total imports. Russia, Denmark, the UK, the Czech Republic, Austria, Portugal, Germany, Hungary, Norway and Iceland lagged somewhat behind, together accounting for a further 36%.

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 Europe amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in 2013 when the import price increased by 18% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform