EU: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in the EU

The EU machine tool for metal market totaled $X in 2022, leveling off at the previous year. Overall, consumption continues to indicate prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal Without Removing Metal in the EU

In value terms, machine tool for metal production totaled $X in 2022 estimated in export price. In general, production saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports in the EU

In 2022, overseas shipments of machine tools for working metal without removing metal were finally on the rise to reach X units after seven years of decline. Overall, exports, however, recorded a perceptible setback. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, machine tool for metal exports expanded significantly to $X in 2022. Over the period under review, exports, however, saw a noticeable downturn. The most prominent rate of growth was recorded 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 remained at a lower figure.

Exports by Country

Belgium (X units) and Germany (X units) represented roughly 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 the Netherlands (X%). The following exporters - Spain (X units), Poland (X units), Greece (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 main exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a mild setback. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Germany ($X per unit), while Greece ($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.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in the EU

In 2022, supplies from abroad of machine tools for working metal without removing metal decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, machine tool for metal imports shrank 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 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. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Spain (X units), constituting an X% share of total imports. The Czech Republic (X units), Germany (X units), Italy (X units), Belgium (X units), France (X units), Poland (X units) and Hungary (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machine tool for metal imports into the Netherlands stood at X%. At the same time, Hungary (X%), the Czech Republic (X%), Italy (X%), Poland (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Germany (X%), France (X%) and Spain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and the Czech Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine tool for metal importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), with a combined X% share of total imports. Belgium, Poland, the Czech Republic, Spain, Hungary and the Netherlands lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, rising by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price 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, machine tool for metal import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per unit), while the Netherlands ($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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