France: Working Wire Machine Market 2022

Working Wire Machine Market Size in France

The French working wire machine market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption recorded a prominent increase. Working wire machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Working Wire Machine Exports

Exports from France

After two years of growth, shipments abroad of machines for working wire decreased by -9.8% to X units in 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 111% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, working wire machine exports fell significantly to $X in 2021. Over the period under review, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for working wire machine exports from France, with a 63% share of total exports. Moreover, working wire machine exports to Belgium exceeded the volume sent to the second major destination, the United States (X units), eightfold. The third position in this ranking was held by Switzerland (X units), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-22.4% per year) and Switzerland (-6.2% per year).

In value terms, the United States ($X) remains the key foreign market for working wire machine exports from France, comprising 40% of total exports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total exports. It was followed by the UK, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+20.9% per year) and the UK (+39.3% per year).

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, declining by -18.6% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 146%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($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 Australia (+439.0%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into France

In 2021, overseas purchases of machines for working wire were finally on the rise to reach X units after two years of decline. Overall, imports saw a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 199%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, working wire machine imports surged to $X in 2021. In general, imports, however, showed a slight curtailment. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Germany (X units) and Spain (X units) were the main suppliers of working wire machine imports to France, together comprising 70% of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +93.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest working wire machine suppliers to France, together accounting for 73% of total imports. These countries were followed by Japan, Spain, the United States and the UK, which together accounted for a further 22%.

Spain, with a CAGR of +73.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, jumping by 27% against the previous year. In general, the import price, however, showed a deep downturn. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+23.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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