Luxembourg: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Luxembourg

The Luxembourg mechanical shovel and excavator market shrank remarkably to $X in 2021, falling by -24.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a slight contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Luxembourg

Mechanical shovel and excavator exports from Luxembourg skyrocketed to X units in 2021, jumping by 33% on the previous year. Over the period under review, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Overall, exports showed modest growth. The pace of growth was the most pronounced in 2018 with an increase of 79% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main destinations of mechanical shovel and excavator exports from Luxembourg, with a combined 63% share of total exports. Belgium, Poland, Ukraine and Romania lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +162.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) constituted the largest markets for mechanical shovel and excavator exported from Luxembourg worldwide, together comprising 71% of total exports. These countries were followed by the Netherlands, Poland, Romania and Ukraine, which together accounted for a further 23%.

In terms of the main countries of destination, Ukraine, with a CAGR of +197.1%, 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

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, falling by -3.7% against the previous year. In general, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 34%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Ukraine ($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 Ukraine (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Luxembourg

Mechanical shovel and excavator imports into Luxembourg expanded slightly to X units in 2021, picking up by 3.5% on the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, mechanical shovel and excavator imports dropped to $X in 2021. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 decreased by -13.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 29%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), Germany (X units) and France (X units) were the main suppliers of mechanical shovel and excavator imports to Luxembourg, with a combined 74% share of total imports. Italy, Austria, the Netherlands, Sweden and Finland lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +41.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical shovel and excavator suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), with a combined 81% share of total imports. These countries were followed by Austria, the Netherlands, Italy, Sweden and Finland, which together accounted for a further 18%.

Sweden, with a CAGR of +59.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2021, waning by -6.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 an increase of 18%. The import price peaked at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Italy ($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 (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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