France: Public Works Machinery Market 2024

Public Works Machinery Market Size in France

The French public works machinery market surged to $X in 2021, growing by 29% against the previous year. Over the period under review, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Public works machinery consumption peaked in 2021 and is likely to continue growth in the immediate term.

Public Works Machinery Production in France

In value terms, public works machinery production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Public works machinery production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Public Works Machinery Exports

Exports from France

In 2021, shipments abroad of machinery for public works and building was finally on the rise to reach X units for the first time since 2013, thus ending a seven-year declining trend. Overall, exports, however, continue to indicate a abrupt descent. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, public works machinery exports skyrocketed to $X in 2021. In general, exports, however, saw a deep downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Belgium (X units) and the UK (X units) were the main destinations of public works machinery exports from France, with a combined 32% share of total exports. Italy, Poland, the Netherlands, Spain, Switzerland, Japan, the United States, Luxembourg, Moldova and Cameroon lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +38.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for public works machinery exported from France were Germany ($X), Belgium ($X) and the UK ($X), together comprising 32% of total exports. These countries were followed by Italy, the Netherlands, Poland, Spain, Switzerland, Japan, the United States, Luxembourg, Cameroon and Moldova, which together accounted for a further 41%.

Moldova, with a CAGR of +41.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2021, surging by 5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cameroon ($X per unit), while the average price for exports to Moldova ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into France

Public works machinery imports into France skyrocketed to X units in 2021, with an increase of 37% against the previous year's figure. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 48%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, public works machinery imports surged to $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of public works machinery to France, accounting for a 48% share of total imports. Moreover, public works machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+73.2% per year) and Italy (+3.4% per year).

In value terms, Germany ($X) constituted the largest supplier of machinery for public works and building to France, comprising 48% of total imports. The second position in the ranking was held by Sweden ($X), with a 13% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+66.0% per year) and Italy (-1.6% per year).

Import Prices by Country

In 2021, the average public works machinery import price amounted to $X per unit, which is down by -8.1% against the previous year. In general, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Sweden ($X per unit), while the price for Japan ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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