In 2024, the United Kingdom leads Europe's export of machinery for mining, quarrying, and construction, despite a 15.31% drop in the previous year. Germany and Hungary follow, with modest growth of 3.77% and 2.93%. Noteworthy positive trends include substantial growth in Greece, Bulgaria, Slovenia, Denmark, and Croatia, reflecting strong regional performance. Meanwhile, France and Spain experienced slight declines of 5.96% and 1.31%, respectively, indicating potential challenges. Over the past five years, countries like Lithuania, Greece, and Bulgaria have shown promising compound annual growth rates, suggesting increasing market potential in Eastern Europe.
Looking ahead, technological advancement and infrastructure development in emerging European markets will drive demand. We expect the green transition to heavily influence machinery exports, focusing on sustainable and energy-efficient products. Trade policy shifts, global commodity prices, and economic stability will also play crucial roles in shaping the future landscape.
Top countries in Export of Machinery for Mining, Quarrying and Construction by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 5,387,400 | 2023 | -19.37% | -15.31% | View data |
| 2 | 2 Germany | 3,918,500 | 2023 | +0.37% | +3.77% | View data |
| 3 | 3 Hungary | 3,615,400 | 2023 | +0.99% | +2.93% | View data |
| 4 | 4 Italy | 1,246,800 | 2023 | +14.78% | +3.64% | View data |
| 5 | 5 Slovakia | 1,240,200 | 2023 | +4.53% | +6.85% | View data |
| 6 | 6 Netherlands | 872,470 | 2023 | +6.79% | +6.72% | View data |
| 7 | 7 Spain | 862,600 | 2023 | +1.48% | -1.31% | View data |
| 8 | 8 Belgium | 348,210 | 2023 | +4.33% | +5.93% | View data |
| 9 | 9 France | 331,730 | 2023 | -1.48% | -5.96% | View data |
| 10 | 10 Estonia | 327,430 | 2023 | +13.41% | +4.82% | View data |
