Europe: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Europe

The Europe balancing mechanical parts machine market declined slightly to $X.1B in 2022, falling by X% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X.4B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Machines For Balancing Mechanical Parts in Europe

In value terms, balancing mechanical parts machine production reduced to $X.2B in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X.3B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports in Europe

Balancing mechanical parts machine exports shrank to X units in 2022, which is down by X% against the previous year's figure. Over the period under review, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs 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 fell markedly to $X in 2022. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy represented the major exporter of machines for balancing mechanical parts in Europe, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Germany (X units) held the second position in the ranking, distantly followed by Poland (X units) and Spain (X units). All these countries together held approx. X% share of total exports. The UK (X units), Russia (X units) and Lithuania (X units) took a minor share of total exports.

Exports from Italy decreased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Spain (X%), Russia (X%), the UK (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Poland 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. Poland (X p.p.), Spain (X p.p.), the UK (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Italy and Germany saw its share reduced by 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 balancing mechanical parts machine supplying countries in Europe were Italy ($X), Germany ($X) and the UK ($X), together accounting for X% of total exports. Spain, Poland, Russia and Lithuania lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price recorded a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 the UK ($X per unit), while Lithuania ($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 Europe

After two years of growth, supplies from abroad of machines for balancing mechanical parts decreased by X% to X units in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped sharply in the following year.

In value terms, balancing mechanical parts machine imports contracted to $X in 2022. Overall, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units), distantly followed by Russia (X units), Poland (X units), the UK (X units), France (X units) and Spain (X units) represented the major importers of machines for balancing mechanical parts, together achieving X% of total imports. The Czech Republic (X units), Romania (X units), Belgium (X units), Italy (X units), Sweden (X units), the Netherlands (X units) and Switzerland (X units) took a little share of total imports.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), the Czech Republic (X%), the Netherlands (X%), Belgium (X%), Romania (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Russia and France experienced a relatively flat trend pattern. By contrast, the UK (X%), Switzerland (X%), Spain (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and the Czech Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported machines for balancing mechanical parts in Europe, comprising X% of total imports. The second position in the ranking was held by France ($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 stood at 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 Europe amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, saw a pronounced setback. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while Russia ($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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