EU: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the EU

The EU metal broaching machine market contracted modestly to $X.1B in 2022, shrinking by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X.1B in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Broaching Machine Production in the EU

In value terms, metal broaching machine production contracted slightly to $X.4B in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X.2B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Metal Broaching Machine Exports

Exports in the EU

Metal broaching machine exports soared to X units in 2022, with an increase of X% against the previous year. Overall, exports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal broaching machine exports rose remarkably to $X in 2022. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy represented the main exporter of broaching machines for working metal in the European Union, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Germany (X units) ranks second in terms of the total exports with an X% share, followed by Spain (X%) and Belgium (X%). Austria (X units), the Netherlands (X units), Hungary (X units) and the Czech Republic (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal broaching machine exports from Italy stood at X%. At the same time, Hungary (X%), Austria (X%), Belgium (X%), Spain (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Italy (X p.p.), Belgium (X p.p.), Spain (X p.p.), Austria (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal broaching machine supplying countries in the European Union were Germany ($X), Italy ($X) and Spain ($X), together accounting for X% of total exports. Austria, the Czech Republic, the Netherlands, Belgium and Hungary lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, reducing by X% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports in the EU

In 2022, the amount of broaching machines for working metal imported in the European Union surged to X units, rising by X% against 2021. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal broaching machine imports shrank significantly to $X in 2022. Overall, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) was the main importer of broaching machines for working metal, constituting X% of total imports. Finland (X units) ranks second in terms of the total imports with an X% share, followed by the Czech Republic (X%) and Sweden (X%). The following importers - the Netherlands (X units), Belgium (X units), Bulgaria (X units), Portugal (X units), France (X units), Spain (X units) and Germany (X units) - together made up X% of total imports.

Imports into Italy increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%), the Netherlands (X%), Bulgaria (X%), Sweden (X%), Belgium (X%), France (X%), the Czech Republic (X%) and Spain (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 2012-2022. Portugal experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), Finland (X p.p.), Sweden (X p.p.), the Netherlands (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Portugal (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 metal broaching machine importing markets in the European Union were Germany ($X), Italy ($X) and Finland ($X), with a combined X% share of total imports.

Among the main importing countries, Finland, with a CAGR of X%, saw 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

The import price in the European Union stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price faced a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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