EU: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in the EU

The EU machine-tool for working metal market dropped to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in the EU

In value terms, machine-tool for working metal production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Machine Tools For Working Metal

Exports in the EU

In 2022, approx. X units of machine tools for working metal were exported in the European Union; dropping by X% on the year before. In general, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for working metal exports dropped to $X in 2022. Overall, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands was the main exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Italy (X units), Germany (X units) and Belgium (X units), together constituting a X% share of total exports. Austria (X units), Spain (X units) and Poland (X units) followed a long way behind the leaders.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of machine tools for working metal. At the same time, Belgium (X%) and Austria (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), Poland (X%), Germany (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Spain (X p.p.), Italy (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and Austria ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Belgium, Spain, the Netherlands and Poland 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 the European Union amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the Netherlands ($X per unit) 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 leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports in the EU

In 2022, supplies from abroad of machine tools for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, machine-tool for working metal imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands was the major importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Sweden (X units), Italy (X units), Germany (X units) and Belgium (X units), together constituting a X% share of total imports. Poland (X units), France (X units), Hungary (X units), Greece (X units), the Czech Republic (X units) and Spain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machine-tool for working metal imports into the Netherlands stood at X%. At the same time, Sweden (X%), Hungary (X%) and Greece (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Poland and Belgium experienced a relatively flat trend pattern. By contrast, Italy (X%), Germany (X%), Spain (X%), the Czech Republic (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Sweden 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 ($X), Italy ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. France, the Czech Republic, Spain, Belgium, Hungary, the Netherlands, Sweden and Greece lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Greece, with a CAGR of X%, saw 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

In 2022, the import price in the European Union amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 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 Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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