Europe: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Europe

For the third year in a row, the Europe machine-tool for working metal market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a pronounced decline. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Machine Tools For Working Metal in Europe

In value terms, machine-tool for working metal production dropped to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports in Europe

In 2022, exports of machine tools for working metal in Europe declined to X units, falling by X% on 2021. Over the period under review, exports recorded a abrupt curtailment. 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 hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports reduced to $X in 2022. Overall, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands was the main exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by the UK (X units), Italy (X units) and Germany (X units), together achieving a X% share of total exports. Belgium (X units), Austria (X units), Spain (X units) and Russia (X units) held a little share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of machine tools for working metal. At the same time, Russia (X%), Belgium (X%) and Austria (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), Germany (X%), Spain (X%) and the UK (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Italy, Belgium, Russia and Austria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and Austria ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The UK, Belgium, Spain, the Netherlands and Russia lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, with a decrease of X% against the previous year. Export price indicated a resilient 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 working metal export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Imports of Machine Tools For Working Metal

Imports in Europe

In 2022, supplies from abroad of machine tools for working metal increased by X% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, machine-tool for working metal imports declined modestly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X units) was the key importer of machine tools for working metal, generating X% of total imports. It was distantly followed by the Netherlands (X units), Russia (X units) and Sweden (X units), together comprising a X% share of total imports. The following importers - Italy (X units), North Macedonia (X units) and Germany (X units) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for working metal imports into the UK stood at X%. At the same time, North Macedonia (X%), Sweden (X%), the Netherlands (X%) and Russia (X%) displayed positive paces of growth. Moreover, North Macedonia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) and Germany (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Russia (X p.p.), Sweden (X p.p.) and North Macedonia (X p.p.) significantly strengthened its position in terms of the total imports, while the UK 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, Germany ($X), Italy ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The UK, the Netherlands, Sweden and North Macedonia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, North Macedonia, with a CAGR of X%, saw 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

In 2022, the import price in Europe amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a 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 Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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