Used construction and industrial equipment
continues to leave Europe for emerging markets following the 1.4%
decline in asset demand on the continent during the first quarter
of 2012.
Over 50% of used equipment is leaving the
Eurozone for emerging regions of Southern Africa, South America,
Central America and India, according to the latest analysis from
global auctioneer Euro Auctions.
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In the UK, where 30% of auctioned used
equipment is going overseas, prices of good, second-hand equipment
held through quarter one and look set to hold in the next quarter,
said Euro Auctions general manager Jonnie Keys.
Keys said the trend for 12- to 24-month-old
equipment reaching premium prices, closely followed by good 24- to
48-month-old stock, experienced in 2011 had continued into 2012
although world buyers would be more specific about which assets
they want this year.
“Emerging markets are always the first to be
seen at auction and India is a regular new participant with an
appetite for small to medium sized construction machines such as
backhoes, dumpers, mixers, dozers and excavators,” he said.
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By GlobalDataThe picture in Europe was mixed, with Germany
posting a 70% increase in the acquisition of construction equipment
over 24 months compared to 2009 and a construction drive in Eastern
Europe being balanced by decline in demand in Slovenia, Portugal
and Spain.
“European demand has been affected by
strengthening Sterling, leaving the UK more expensive than the rest
of Europe,” added Keys.
Demand increased in Russia, which Keys
attributed to large civil engineering projects in the run up to the
2014 Winter Olympics in Sochi and the 2018 FIFA World Cup as well
as significant infrastructure upgrades in the country.
Looking ahead, Keys said: “Manufacturers are
now producing again and new stock is commanding ever higher prices;
there is increasing demand for quality second-hand equipment, with
certain models even making a premium.
“Some new markets are showing real interest
and the outlook is generally optimistic. This all means that
the market, while patchy in places, is still going to be
buoyant.”
