Europe: Working Wire Machine Market 2024

Working Wire Machine Market Size in Europe

The Europe working wire machine market soared to $X in 2022, rising by X% against the previous year. The total consumption indicated perceptible growth 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Working Wire Machine Production in Europe

In value terms, working wire machine production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Working Wire Machine Exports

Exports in Europe

In 2022, the amount of machines for working wire exported in Europe rose significantly to X units, growing by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a slight setback. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, working wire machine exports fell slightly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the UK (X units) represented the main exporter of machines for working wire, comprising X% of total exports. Italy (X units) ranks second in terms of the total exports with a X% share, followed by Austria (X%) and Poland (X%). The following exporters - the Netherlands (X units), France (X units), Greece (X units), Slovenia (X units), Croatia (X units), Spain (X units) and Serbia (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest working wire machine supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with an X% share of total exports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Italy stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (X% per year) and Greece (X% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price, however, showed perceptible growth. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then reduced sharply in the following year.

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

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

Working Wire Machine Imports

Imports in Europe

In 2022, after two years of growth, there was significant decline in overseas purchases of machines for working wire, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, working wire machine imports shrank significantly to $X in 2022. Total imports indicated a modest 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, the UK (X units) was the major importer of machines for working wire, mixing up X% of total imports. Russia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), Germany (X%) and Albania (X%). The Netherlands (X units), Poland (X units), Belgium (X units), Sweden (X units), France (X units), Austria (X units), Spain (X units) and Ukraine (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to working wire machine imports into the UK stood at X%. At the same time, Albania (X%), the Netherlands (X%), Austria (X%), Poland (X%), Belgium (X%), Italy (X%), Russia (X%), Germany (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Albania emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, Sweden (X%) and France (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Italy (X p.p.), Albania (X p.p.), the Netherlands (X p.p.), Germany (X p.p.), Poland (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the UK (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest working wire machine importing markets in Europe were Germany ($X), Russia ($X) and the UK ($X), together accounting for X% of total imports. Italy, Poland, France, Albania, Austria, Spain, Sweden, Belgium, the Netherlands and Ukraine lagged somewhat behind, together comprising a further X%.

Albania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

In 2022, the import price in Europe amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while the UK ($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 more modest paces of growth.

Source: IndexBox Platform

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