France: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in France

After seven years of growth, the French machine tool for metal market decreased by -68% to $X in 2021. Over the period under review, consumption, however, enjoyed resilient growth. Over the period under review, the market attained the peak level at $X in 2020, and then reduced markedly in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in France

In value terms, machine tool for metal production rose significantly to $X in 2021 estimated in export price. In general, production faced a deep downturn. Machine tool for metal production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from France

In 2021, overseas shipments of machine tools for working metal without removing metal increased by 55% to X units for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 234%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 114% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for machine tool for metal exports from France, accounting for a 40% share of total exports. Moreover, machine tool for metal exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. Turkey (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.2% per year) and Turkey (-6.2% per year).

In value terms, the largest markets for machine tool for metal exported from France were China ($X), the United States ($X) and Switzerland ($X), with a combined 53% share of total exports.

The United States, with a CAGR of +17.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, with a decrease of -11.4% against the previous year. Overall, the export price, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 111%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into France

In 2021, machine tool for metal imports into France shrank significantly to X units, which is down by -37.9% against 2020 figures. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 343% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, machine tool for metal imports shrank rapidly to $X in 2021. In general, imports showed a pronounced setback. The pace of growth was the most pronounced in 2015 when imports increased by 56% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), the UK (X units) and China (X units) were the main suppliers of machine tool for metal imports to France, with a combined 61% share of total imports. Italy, the Netherlands, Germany, the United States, Switzerland and Spain lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +59.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Switzerland ($X) appeared to be the largest machine tool for metal suppliers to France, together comprising 65% of total imports. These countries were followed by the UK, Belgium, China, the United States, Spain and the Netherlands, which together accounted for a further 30%.

Among the main suppliers, the Netherlands, with a CAGR of +42.4%, recorded 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

The average machine tool for metal import price stood at $X per unit in 2021, rising by 19% against the previous year. Overall, the import price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 60%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :