EU: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in the EU

In 2022, the EU horizontal machining centre market decreased by X% to $X.6B, falling for the second consecutive year after five years of growth. Overall, consumption continues to indicate a perceptible shrinkage. The level of consumption peaked at $X.5B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Horizontal Machining Centre Production in the EU

In value terms, horizontal machining centre production contracted sharply to $X.6B in 2022 estimated in export price. Over the period under review, production, however, saw a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X.7B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Horizontal Machining Centre Exports

Exports in the EU

In 2022, shipments abroad of horizontal machining centres for working metal increased by X% to X units, rising for the fifth consecutive year after four years of decline. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, horizontal machining centre exports rose to $X in 2022. Over the period under review, exports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany represented the key exporter of horizontal machining centres for working metal in the European Union, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Belgium (X units) ranks second in terms of the total exports with a X% share, followed by Italy (X%) and the Netherlands (X%). The Czech Republic (X units), France (X units), Poland (X units), Spain (X units) and Austria (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to horizontal machining centre exports from Germany stood at X%. At the same time, Poland (X%), Belgium (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Austria (X%), France (X%), Italy (X%), Spain (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), the Netherlands (X p.p.), Poland (X p.p.) and Italy (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

Horizontal Machining Centre Imports

Imports in the EU

In 2022, purchases abroad of horizontal machining centres for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a pronounced expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, horizontal machining centre imports soared to $X in 2022. The total import 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 pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units), Germany (X units) and Belgium (X units) was the key importer of horizontal machining centres for working metal in the European Union, mixing up X% of total import. It was distantly followed by the Netherlands (X units) and France (X units), together making up a X% share of total imports. Spain (X units), Hungary (X units), the Czech Republic (X units), Poland (X units), Austria (X units), Slovenia (X units), Sweden (X units) and Portugal (X units) followed a long way behind the leaders.

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

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

In terms of the main importing countries, Slovenia, with a CAGR of X%, recorded 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, flattening at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then reduced slightly in the following year.

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

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

Source: IndexBox Platform

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