Luxembourg: Full-Rotation Excavator Market 2025

Full-Rotation Excavator Market Size in Luxembourg

In 2021, the Luxembourg full-rotation excavator market decreased by -33% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a slight curtailment. Over the period under review, the market reached the peak level at $X in 2020, and then shrank significantly in the following year.

Full-Rotation Excavator Exports

Exports from Luxembourg

In 2021, overseas shipments of self-propelled full-rotation excavators and bulldozers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, full-rotation excavator exports skyrocketed to $X in 2021. In general, exports, however, saw a pronounced descent. The pace of growth was the most pronounced in 2016 with an increase of 47%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for full-rotation excavator exports from Luxembourg, accounting for a 69% share of total exports. Moreover, full-rotation excavator exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), fivefold. Germany (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +39.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.0% per year) and Germany (-11.8% per year).

In value terms, the Netherlands ($X), France ($X) and Germany ($X) appeared to be the largest markets for full-rotation excavator exported from Luxembourg worldwide, together accounting for 89% of total exports. These countries were followed by Belgium and Romania, which together accounted for a further 11%.

In terms of the main countries of destination, Romania, with a CAGR of +37.1%, 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

The average full-rotation excavator export price stood at $X per unit in 2021, declining by -42.3% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by 66%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the Netherlands ($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 France (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Full-Rotation Excavator Imports

Imports into Luxembourg

In 2021, purchases abroad of self-propelled full-rotation excavators and bulldozers increased by 14% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 46% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, full-rotation excavator imports fell slightly to $X in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.8% against 2014 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 16% against the previous year. Imports peaked at $X in 2020, and then contracted modestly in the following year.

Imports by Country

In 2021, Belgium (X units) constituted the largest full-rotation excavator supplier to Luxembourg, accounting for a 47% share of total imports. Moreover, full-rotation excavator imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. France (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.7% per year) and France (-4.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of self-propelled full-rotation excavators and bulldozers to Luxembourg, comprising 46% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.9% per year) and France (+3.3% per year).

Import Prices by Country

The average full-rotation excavator import price stood at $X per unit in 2021, waning by -14.2% against the previous year. Over the period under review, the import price, however, posted perceptible growth. The pace of growth appeared the most rapid in 2018 an increase of 39%. The import price peaked at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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