EU: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in the EU

In 2023, the EU metal threading machine market increased by X% to $X, rising for the fourth year in a row after two years of decline. The total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Threading Machine Production in the EU

In value terms, metal threading machine production fell to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, production reached the peak level of $X, and then shrank in the following year.

Metal Threading Machine Exports

Exports in the EU

In 2023, the amount of threading or tapping machines for working metal exported in the European Union totaled X units, picking up by X% on the previous year. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, metal threading machine exports rose markedly to $X in 2023. Overall, exports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Spain was the largest exporter of threading or tapping machines for working metal in the European Union, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. France (X units) took the second position in the ranking, distantly followed by Germany (X units) and Belgium (X units). All these countries together held approx. X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal threading machine exports from Spain stood at X%. At the same time, Belgium (X%), Germany (X%) and France (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 2012-2023. Spain (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Germany stood at X%. In the other countries, the average annual rates were as follows: Spain (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per unit, approximately mirroring the previous year. Overall, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the export price figures.

Metal Threading Machine Imports

Imports in the EU

For the fourth year in a row, the European Union recorded growth in overseas purchases of threading or tapping machines for working metal, which increased by X% to X units in 2023. Over the period under review, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal threading machine imports skyrocketed to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Denmark represented the major importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by France (X units), Spain (X units), Portugal (X units), Belgium (X units), Ireland (X units) and Greece (X units), together committing a X% share of total imports. Germany (X units) took a relatively small share of total imports.

Denmark was also the fastest-growing in terms of the threading or tapping machines for working metal imports, with a CAGR of X% from 2012 to 2023. At the same time, Portugal (X%), Belgium (X%), Greece (X%), Spain (X%), France (X%), Ireland (X%) and Germany (X%) displayed positive paces of growth. Denmark (X p.p.), Portugal (X p.p.), Spain (X p.p.), France (X p.p.), Belgium (X p.p.) and Greece (X p.p.) significantly strengthened its position in terms of the total imports, while Germany and Ireland saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Spain ($X), Germany ($X) and Portugal ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Spain, 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

The import price in the European Union stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform