German mining equipment sales reach record high
According to VDMA, German mining machinery market is at a record high
The German mining machinery market is at a record high, according to the German Engineering Federation, VDMA.
Mining machinery manufacturers based in Germany hardly suffered from the financial crisis, said VDMA president Dr Thomas Lindner. Since 2007, their annual turnover has grown by about 13% on average. In 2011, growth was nearly 27% and turnover then increased by another 28% in 2012 to reach €6.2bn.
He added that the manufacturers expect similar sales for 2013 – or even slight growth – as they already have orders in their books for the coming 12 months and more. Mining machinery that is ‘made in Germany’ has an excellent reputation worldwide, said Lindner.
Indonesia holds particular potential, which is one of the reasons why it was chosen as the partner country of this year’s bauma. “The value of machinery delivered to Indonesia has more than tripled over the past 10 years, growing from €332m (2003) to €1.1bn (2013),” said Lindner. “But the German companies could still offer more – as these figures only represent a 1.5% share in construction equipment and building material machinery and 1% for mining.”
The wider international market for construction equipment and building materials machinery has been in recovery since the beginning of 2010, he said. “While three years ago our industry, with the exception of the manufacturers of mining machinery, suffered immensely from the effects of the worldwide economic and financial crises, today’s situation has improved significantly – except for those countries that are currently most affected by the Euro crises.
“We are expecting to see a slight growth in the second part of 2013, making up for the current dent, so that also for this year German manufacturers will come close to last year’s total turnover equalling €12.5bn,” he said.
The export quota for Germany’s construction equipment and building material machinery is 73%, with 39% of all export trades done with other countries within the EU.
Markets in Greece, Portugal and Spain – but increasingly also in Italy and France – have been sliding significantly and the weak Chinese market is also of concern. Lindner said that German sales there fell by 25% in 2012.
For many VDMA member companies, Chinese manufacturers have become real competitors. Up to now, German companies have been able to keep one step ahead, he said, and they are confident of keeping this technological edge.