Europe: Tamping Machinery Market 2024

Tamping Machinery Market Size in Europe

The Europe tamping machinery market reduced dramatically to $X in 2021, falling by -27.1% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Tamping Machinery Production in Europe

In value terms, tamping machinery production rose markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Tamping Machinery Exports

Exports in Europe

In 2021, overseas shipments of tamping or compacting machinery were finally on the rise to reach X units after two years of decline. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tamping machinery exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the major exporter of tamping or compacting machinery in Europe, with the volume of exports accounting for X units, which was near 59% of total exports in 2021. It was distantly followed by the UK (X units), Sweden (X units) and the Czech Republic (X units), together achieving a 27% share of total exports. The following exporters - Austria (X units), Spain (X units) and France (X units) - together made up 7.5% of total exports.

From 2012 to 2021, average annual rates of growth with regard to tamping machinery exports from Germany stood at +4.9%. At the same time, Sweden (+34.0%), Austria (+23.0%) and Spain (+22.7%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Europe, with a CAGR of +34.0% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, the UK (-4.3%) and the Czech Republic (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, Sweden and Austria increased by +13, +8.1 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest tamping machinery supplier in Europe, comprising 67% of total exports. The second position in the ranking was held by Sweden ($X), with a 7.4% share of total exports. It was followed by the UK, with a 5.2% share.

In Germany, tamping machinery exports expanded at an average annual rate of +4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+28.0% per year) and the UK (+3.0% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, with an increase of 6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 9.8% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 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 France ($X per unit), while Spain ($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 UK (+7.7%), while the other leaders experienced mixed trends in the export price figures.

Tamping Machinery Imports

Imports in Europe

In 2021, approx. X units of tamping or compacting machinery were imported in Europe; picking up by 32% on the year before. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 40%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, tamping machinery imports surged to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X units) and Germany (X units) represented the main importers of tamping or compacting machinery in 2021, accounting for approx. 28% and 23% of total imports, respectively. Russia (X units) took a 9.5% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (6.6%) and Poland (6.3%). The following importers - France (X units), the Czech Republic (X units), Sweden (X units), Austria (X units) and the Netherlands (X units) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +25.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tamping machinery importing markets in Europe were Germany ($X), Denmark ($X) and Poland ($X), with a combined 35% share of total imports. France, Russia, the UK, Sweden, the Netherlands, Austria and the Czech Republic lagged somewhat behind, together comprising a further 41%.

The Czech Republic, with a CAGR of +17.4%, recorded the highest growth rate of 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, surging by 10% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the import price increased by 12% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 the Netherlands ($X per unit), while the UK ($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 Netherlands (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform