Europe: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in Europe

The Europe machinery electrical parts market was estimated at $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Machinery Electrical Parts Production in Europe

In value terms, machinery electrical parts production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Machinery Electrical Parts Exports

Exports in Europe

Machinery electrical parts exports soared to X tons in 2023, picking up by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a abrupt downturn. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, machinery electrical parts exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

France (X tons) and Italy (X tons) dominates exports structure, together mixing up X% of total exports. Spain (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (X%). The following exporters - Austria (X tons) and North Macedonia (X tons) - each resulted at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by North Macedonia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest machinery electrical parts supplying countries in Europe were France ($X), Spain ($X) and Italy ($X), with a combined X% share of total exports. Hungary, Austria and North Macedonia lagged somewhat behind, together accounting for a further X%.

North Macedonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a deep setback. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced mixed trends in the export price figures.

Machinery Electrical Parts Imports

Imports in Europe

In 2023, approx. X tons of electrical parts of machinery or apparatus were imported in Europe; increasing by X% compared with 2022. Over the period under review, imports, however, saw a abrupt decline. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, machinery electrical parts imports skyrocketed to $X in 2023. In general, imports, however, recorded a abrupt slump. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of electrical parts of machinery or apparatus, namely Italy, Spain, Hungary and France, represented more than two-thirds of total import. It was distantly followed by Russia (X tons) and Romania (X tons), together generating a X% share of total imports. Austria (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Hungary ($X), France ($X) and Italy ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform