Germany: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Germany

In 2022, the German construction equipment blade market was finally on the rise to reach $X after two years of decline. In general, consumption, however, faced a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Construction Equipment Blade Production in Germany

In value terms, construction equipment blade production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2018 with an increase of 14%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Construction Equipment Blade Exports

Exports from Germany

In 2022, overseas shipments of blades for construction equipment decreased by -9.3% to X units for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.4% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then contracted in the following year.

In value terms, construction equipment blade exports reached $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.9% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Hungary (X units) was the main destination for construction equipment blade exports from Germany, with a 65% share of total exports. Moreover, construction equipment blade exports to Hungary exceeded the volume sent to the second major destination, France (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.8% per year) and Sweden (+69.0% per year).

In value terms, Hungary ($X), France ($X) and Sweden ($X) were the largest markets for construction equipment blade exported from Germany worldwide, with a combined 89% share of total exports.

Sweden, with a CAGR of +84.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average construction equipment blade export price amounted to $X per unit, increasing by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into Germany

In 2022, approx. X units of blades for construction equipment were imported into Germany; with a decrease of -5.1% compared with the previous year. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, construction equipment blade imports reduced to $X in 2022. In general, imports saw a mild decline. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X units), Ukraine (X units) and the United States (X units) were the main suppliers of construction equipment blade imports to Germany, with a combined 61% share of total imports. The UK, Poland, Italy, Slovakia, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +28.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the United States ($X) and Poland ($X) appeared to be the largest construction equipment blade suppliers to Germany, with a combined 66% share of total imports. Italy, Ukraine, the UK, Slovakia, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, the UK, with a CAGR of +37.2%, recorded the highest growth rate of 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 average construction equipment blade import price stood at $X per unit in 2022, dropping by -3.5% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, construction equipment blade import price increased by +16.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 62%. The import price peaked at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :