Europe: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Europe

The Europe metal broaching machine market contracted modestly to $X.2B in 2022, which is down by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X.9B in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Broaching Machine Production in Europe

In value terms, metal broaching machine production fell slightly to $X.5B in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Metal Broaching Machine Exports

Exports in Europe

In 2022, overseas shipments of broaching machines for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal broaching machine exports rose remarkably to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the UK (X units) was the largest exporter of broaching machines for working metal, comprising X% of total exports. Italy (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%). The following exporters - Spain (X units) and Belgium (X units) - each accounted for a X% share of total exports.

Exports from the UK decreased at an average annual rate of X% from 2012 to 2022. At the same time, Belgium (X%), Spain (X%) and Italy (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Germany, Spain and Belgium increased by X, X, X and X percentage points, respectively.

In value terms, the largest metal broaching machine supplying countries in Europe were Germany ($X), Italy ($X) and Spain ($X), together accounting for X% of total exports. The UK and Belgium lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Europe amounted to $X per unit, surging by X% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 ($X per unit), while the UK ($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 UK (X%), while the other leaders experienced a decline in the export price figures.

Metal Broaching Machine Imports

Imports in Europe

In 2022, metal broaching machine imports in Europe surged to X units, growing by X% on the previous year's figure. Over the period under review, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal broaching machine imports rose slightly to $X in 2022. Overall, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The UK dominates imports structure, finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Italy (X units), creating a X% share of total imports. The following importers - Finland (X units), the Czech Republic (X units) and Sweden (X units) - together made up X% of total imports.

The UK was also the fastest-growing in terms of the broaching machines for working metal imports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%), Italy (X%), Sweden (X%) and the Czech Republic (X%) displayed positive paces of growth. While the share of the UK (X p.p.), Italy (X p.p.) and Finland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of 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, the UK ($X) constitutes the largest market for imported broaching machines for working metal in Europe, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the UK stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 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 the Czech Republic ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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