EU: Centrifuges Market 2024

Centrifuges Market Size in the EU

The EU centrifuges market reduced to $X.1B in 2022, waning by X% against the previous year. In general, consumption recorded a abrupt decline. The level of consumption peaked at $X.2B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Centrifuges Production in the EU

In value terms, centrifuges production shrank to $X.1B in 2022 estimated in export price. In general, production recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X.2B. From 2018 to 2022, production growth remained at a lower figure.

Centrifuges Exports

Exports in the EU

In 2022, overseas shipments of centrifuges increased by X% to X units, rising for the fourth consecutive year after six years of decline. Over the period under review, exports, however, saw a slight descent. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, centrifuges exports expanded modestly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany dominates exports structure, amounting to X units, which was near X% of total exports in 2022. Italy (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%). Belgium (X units), Slovakia (X units), France (X units), the Netherlands (X units) and Sweden (X units) took a minor share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of centrifuges. At the same time, Slovakia (X%), Belgium (X%), Poland (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%), Italy (X%) and France (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Poland (X p.p.), Slovakia (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest centrifuges supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Italy (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Centrifuges Imports

Imports in the EU

In 2022, purchases abroad of centrifuges increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, centrifuges imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Germany (X units), distantly followed by Italy (X units), France (X units), Spain (X units), the Netherlands (X units) and Belgium (X units) were the main importers of centrifuges, together committing X% of total imports. The following importers - Poland (X units), Denmark (X units), Austria (X units), Romania (X units), Bulgaria (X units), the Czech Republic (X units) and Sweden (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest centrifuges importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), together accounting for X% of total imports. The Netherlands, Spain, Belgium, Austria, Poland, Denmark, Sweden, Bulgaria, the Czech Republic and Romania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to 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 showed a slight curtailment. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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