Global Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size

The global machinery electrical parts market declined slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, posted buoyant growth. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Machinery Electrical Parts Production

In value terms, machinery electrical parts production contracted modestly to $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Machinery Electrical Parts Exports

Exports

Global machinery electrical parts exports contracted significantly to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports, however, showed a slight expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The global exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, machinery electrical parts exports contracted dramatically to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

In 2022, France (X tons), Belgium (X tons), Ireland (X tons), Malaysia (X tons), Portugal (X tons), the UK (X tons), Taiwan (Chinese) (X tons), Mexico (X tons), the Netherlands (X tons), Hong Kong SAR (X tons), Poland (X tons) and Germany (X tons) was the key exporter of electrical parts of machinery or apparatus in the world, achieving X% of total export. South Korea (X tons) followed a long way behind the leaders.

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

In value terms, Hong Kong SAR ($X) remains the largest machinery electrical parts supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Germany ($X), with a X% share of global exports. It was followed by the UK, with a X% share.

In Hong Kong SAR, machinery electrical parts exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average machinery electrical parts export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a mild slump. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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 Hong Kong SAR ($X per ton), while Ireland ($X per ton) was amongst the lowest.

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

Machinery Electrical Parts Imports

Imports

In 2022, after two years of growth, there was significant decline in supplies from abroad of electrical parts of machinery or apparatus, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, machinery electrical parts imports reduced to $X in 2022. In general, total imports indicated a strong 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 decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Belgium was the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Malaysia (X tons), Turkey (X tons), Hong Kong SAR (X tons) and Spain (X tons), together creating a X% share of total imports. The following importers - China (X tons), Germany (X tons), Poland (X tons), Mexico (X tons), Sweden (X tons), the Netherlands (X tons) and Thailand (X tons) - together made up X% of total imports.

Imports into Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Malaysia (X%), Thailand (X%), Spain (X%), Germany (X%), Poland (X%), Hong Kong SAR (X%), China (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Sweden (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Malaysia (X p.p.), Spain (X p.p.) and Germany (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Belgium (X p.p.), Sweden (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electrical parts of machinery or apparatus worldwide, comprising X% of global imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of global imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Germany (X% per year).

Import Prices by Country

The average machinery electrical parts import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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