EU: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in the EU

The EU machinery electrical parts market reached $X in 2022, flattening at the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Machinery Electrical Parts Production in the EU

In value terms, machinery electrical parts production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021, and then shrank in the following year.

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Machinery Electrical Parts Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in shipments abroad of electrical parts of machinery or apparatus, when their volume decreased by X% to X tons. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, machinery electrical parts exports reduced to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The biggest shipments were from France (X tons), Belgium (X tons), Ireland (X tons), Portugal (X tons), the Netherlands (X tons), Poland (X tons), Germany (X tons), Spain (X tons) and Italy (X tons), together recording X% of total export. Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Poland, France, Spain, Italy, Slovakia, Portugal and Ireland lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 ton, with an increase of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

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

Machinery Electrical Parts Imports

Imports in the EU

Machinery electrical parts imports expanded significantly to X tons in 2022, increasing by X% on 2021 figures. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, machinery electrical parts imports contracted to $X in 2022. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Belgium dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Spain (X tons), comprising a X% share of total imports. Germany (X tons), Poland (X tons), Sweden (X tons), the Netherlands (X tons), Portugal (X tons), Italy (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machinery electrical parts imports into Belgium stood at X%. At the same time, Spain (X%), Germany (X%), Portugal (X%), France (X%), Poland (X%), the Netherlands (X%) and Italy (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.) and Germany (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (X p.p.), Belgium (X p.p.) and Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported electrical parts of machinery or apparatus in the European Union, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. 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 stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 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 Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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