EU: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in the EU

After two years of growth, the EU construction equipment blade market decreased by X% to $X in 2023. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Construction Equipment Blade Production in the EU

In value terms, construction equipment blade production stood at $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Construction Equipment Blade Exports

Exports in the EU

In 2023, the amount of blades for construction equipment exported in the European Union soared to X units, picking up by X% against the year before. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, construction equipment blade exports surged to $X in 2023. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

Germany represented the largest exporting country with an export of about X units, which resulted at X% of total exports. Hungary (X units) ranks second in terms of the total exports with a X% share, followed by Slovakia (X%), Spain (X%), the Czech Republic (X%) and the Netherlands (X%). Poland (X units) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of X% from 2012 to 2023. At the same time, the Czech Republic (X%), Poland (X%), Spain (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%) and Hungary (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), the Czech Republic (X p.p.), Spain (X p.p.), Poland (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Netherlands (X p.p.) and Hungary (X p.p.) displayed negative dynamics.

In value terms, the largest construction equipment blade supplying countries in the European Union were Germany ($X), Hungary ($X) and Slovakia ($X), with a combined X% share of total exports. Spain, the Netherlands, Poland and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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 2023, the export price in the European Union amounted to $X per unit, with an increase of X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports in the EU

After two years of growth, overseas purchases of blades for construction equipment decreased by X% to X units in 2023. In general, imports saw a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2022, and then fell markedly in the following year.

In value terms, construction equipment blade imports shrank to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Austria (X units), distantly followed by Hungary (X units), the Netherlands (X units), France (X units), Finland (X units) and Germany (X units) represented the major importers of blades for construction equipment, together comprising X% of total imports. The following importers - Poland (X units), Belgium (X units), Italy (X units), Sweden (X units), Romania (X units) and the Czech Republic (X units) - together made up X% of total imports.

Imports into Austria increased at an average annual rate of X% from 2012 to 2023. At the same time, Finland (X%), France (X%) and Poland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Romania (X%), Hungary (X%), the Netherlands (X%), Belgium (X%), Italy (X%), Germany (X%), Sweden (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Austria (X p.p.), France (X p.p.) and Finland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Hungary (X p.p.), the Czech Republic (X p.p.), Italy (X p.p.), the Netherlands (X p.p.), Sweden (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest construction equipment blade importing markets in the European Union were Austria ($X), France ($X) and Germany ($X), together comprising X% of total imports.

In terms of the main importing countries, France, with a CAGR of X%, 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

In 2023, the import price in the European Union amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform