EU: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in the EU

In 2022, after five years of growth, there was significant decline in the EU grinding and sharpening machine market, when its value decreased by X% to $X. In general, consumption, however, recorded noticeable growth. The level of consumption peaked at $X in 2021, and then declined sharply in the following year.

Production of Grinding And Sharpening Metal Finishing Machines in the EU

In value terms, grinding and sharpening machine production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Grinding And Sharpening Metal Finishing Machines

Exports in the EU

In 2022, shipments abroad of grinding and sharpening metal finishing machines was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports rose modestly to $X in 2022. Over the period under review, exports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany represented the largest exporter of grinding and sharpening metal finishing machines in the European Union, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Belgium (X units), Austria (X units), the Netherlands (X units), Spain (X units) and Sweden (X units), together committing a X% share of total exports. The following exporters - Poland (X units) and Italy (X units) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grinding and sharpening machine exports from Germany stood at X%. At the same time, Belgium (X%), Spain (X%), Sweden (X%), Austria (X%), Poland (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) illustrated a downward trend over the same period. Belgium (X p.p.), Spain (X p.p.), Austria (X p.p.) and Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands, Germany and Italy saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grinding and sharpening machine supplying countries in the European Union were Germany ($X), Italy ($X) and Spain ($X), with a combined X% share of total exports. Austria, Sweden, the Netherlands, Belgium and Poland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 showed a sharp curtailment. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while Belgium ($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 Grinding And Sharpening Metal Finishing Machines

Imports in the EU

In 2022, overseas purchases of grinding and sharpening metal finishing machines decreased by X% to X units, falling for the second year in a row after four years of growth. In general, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports dropped to $X in 2022. Overall, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the seven major importers of grinding and sharpening metal finishing machines, namely Germany, Spain, the Netherlands, Austria, France, Poland and Belgium, represented more than two-thirds of total import. The following importers - Italy (X units), the Czech Republic (X units), Romania (X units), Sweden (X units), Hungary (X units) and Portugal (X units) - together made up X% of total imports.

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

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

Among the main importing countries, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to 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, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 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 Hungary ($X per unit), while Belgium ($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 import price figures.

Source: IndexBox Platform

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