EU: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in the EU

The EU balancing mechanical parts machine market declined to $X.4B in 2022, remaining relatively unchanged against the previous year. The market 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. As a result, consumption attained the peak level of $X.5B. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Machines For Balancing Mechanical Parts in the EU

In value terms, balancing mechanical parts machine production totaled $X.3B in 2022 estimated in export price. The total output 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 pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X.4B. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports in the EU

In 2022, the amount of machines for balancing mechanical parts exported in the European Union fell to X units, dropping by X% compared with the previous year. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine exports contracted notably to $X in 2022. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Italy (X units) was the key exporter of machines for balancing mechanical parts, comprising X% of total exports. It was distantly followed by Germany (X units), Poland (X units) and Spain (X units), together comprising a X% share of total exports. Lithuania (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to balancing mechanical parts machine exports from Italy stood at X%. At the same time, Poland (X%), Spain (X%) and Lithuania (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, Germany (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest balancing mechanical parts machine supplying countries in the European Union were Italy ($X), Germany ($X) and Spain ($X), with a combined X% share of total exports. Poland and Lithuania lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while Lithuania ($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 a decline in the export price figures.

Imports of Machines For Balancing Mechanical Parts

Imports in the EU

In 2022, balancing mechanical parts machine imports in the European Union contracted notably to X units, waning by X% compared with 2021 figures. In general, imports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, balancing mechanical parts machine imports rose markedly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units) represented the major importer of machines for balancing mechanical parts, generating X% of total imports. Poland (X units) ranks second in terms of the total imports with an X% share, followed by France (X%), Spain (X%), the Czech Republic (X%), Romania (X%) and Belgium (X%). The following importers - Italy (X units), Sweden (X units), the Netherlands (X units), Slovakia (X units), Austria (X units) and Denmark (X units) - together made up X% of total imports.

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

In value terms, Germany ($X) constitutes the largest market for imported machines for balancing mechanical parts in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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