EU: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in the EU

In 2022, after four years of growth, there was decline in the EU metal honing machine market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Metal Honing Machine Production in the EU

In value terms, metal honing machine production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Metal Honing Machine Exports

Exports in the EU

In 2022, overseas shipments of honing or lapping machines for working metal increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a abrupt slump. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal honing machine exports declined to $X in 2022. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy represented the largest exporter of honing or lapping machines for working metal in the European Union, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Germany (X units) took the second position in the ranking, followed by the Netherlands (X units). All these countries together held near X% share of total exports. The following exporters - Denmark (X units), Austria (X units), Hungary (X units), Slovakia (X units) and France (X units) - together made up X% of total exports.

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

In value terms, the largest metal honing machine supplying countries in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined X% share of total exports. Slovakia, France, Austria, Denmark and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, waning by X% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

Metal Honing Machine Imports

Imports in the EU

Metal honing machine imports shrank to X units in 2022, declining by X% on 2021 figures. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, metal honing machine imports contracted modestly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units), Hungary (X units), Denmark (X units), Poland (X units) and Germany (X units) was the major importer of honing or lapping machines for working metal in the European Union, constituting X% of total import. It was distantly followed by Belgium (X units), the Netherlands (X units), Romania (X units) and Portugal (X units), together mixing up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported honing or lapping machines for working metal in the European Union, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by Romania, with an X% share.

In Germany, metal honing machine imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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 ($X per unit), while Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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