Germany: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Germany

The German ride-on compaction equipment market amounted to $X in 2022, growing by 14% against the previous year. In general, consumption showed a resilient increase. Ride-on compaction equipment consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Ride-On Compaction Equipment Production in Germany

In value terms, ride-on compaction equipment production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed a slight reduction. The growth pace was the most rapid in 2014 when the production volume increased by 8.1%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports from Germany

In 2022, approx. X units of ride-on compaction equipment were exported from Germany; shrinking by -3.5% compared with 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports contracted slightly to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for ride-on compaction equipment exports from Germany, with a 29% share of total exports. Moreover, ride-on compaction equipment exports to the United States exceeded the volume sent to the second major destination, France (X units), threefold. The UK (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.8% per year) and the UK (+9.6% per year).

In value terms, the United States ($X) remains the key foreign market for ride-on compaction equipment exports from Germany, comprising 35% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.9% share of total exports. It was followed by France, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.9% per year) and France (-0.3% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, leveling off at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 9.3% against the previous year. The export price peaked at $X per unit in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to South Africa ($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 Australia (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Germany

Ride-on compaction equipment imports into Germany soared to X units in 2022, jumping by 16% on 2021 figures. Over the period under review, imports posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 86% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ride-on compaction equipment imports fell modestly to $X in 2022. Overall, imports, however, showed a slight decline. The pace of growth was the most pronounced in 2021 when imports increased by 38%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the Czech Republic (X units) and the United States (X units) were the main suppliers of ride-on compaction equipment imports to Germany, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ride-on compaction equipment to Germany, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by the Czech Republic, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.7% per year) and the Czech Republic (+1.1% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, dropping by -14% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 49%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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