EU: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the EU

In 2021, the EU metal broaching machine market increased by 26% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a noticeable expansion. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Broaching Machine Production in the EU

In value terms, metal broaching machine production fell to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 2.6%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Broaching Machine Exports

Exports in the EU

In 2021, approx. X units of broaching machines for working metal were exported in the European Union; growing by 147% against the year before. Overall, exports, however, continue to indicate a abrupt decrease. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal broaching machine exports reduced dramatically to $X in 2021. Over the period under review, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 23%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Denmark (X units), distantly followed by Sweden (X units), Spain (X units), Italy (X units), the Netherlands (X units), the Czech Republic (X units), France (X units) and Germany (X units) represented the major exporters of broaching machines for working metal, together achieving 96% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Denmark (with a CAGR of +46.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest metal broaching machine supplier in the European Union, comprising 61% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by Spain, with a 7.7% share.

In Germany, metal broaching machine exports contracted by an average annual rate of -10.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (-15.9% per year) and Spain (+2.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, reducing by -69.4% against the previous year. Over the period under review, the export price, however, showed prominent growth. The pace of growth appeared the most rapid in 2016 when the export price increased by 272% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+47.5%), while the other leaders experienced mixed trends in the export price figures.

Metal Broaching Machine Imports

Imports in the EU

Metal broaching machine imports declined sharply to X units in 2021, with a decrease of -45.3% against 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 401%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal broaching machine imports soared to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 55% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of broaching machines for working metal, namely Slovakia, Italy and Sweden, represented more than half of total import. Spain (X units) took a 9.1% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (6.3%). The following importers - Portugal (X units) and France (X units) - together made up 6.3% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +65.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported broaching machines for working metal in the European Union, comprising 33% of total imports. The second position in the ranking was held by France ($X), with an 8.2% share of total imports. It was followed by Portugal, with a 7% share.

In Italy, metal broaching machine imports expanded at an average annual rate of +40.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+6.4% per year) and Portugal (+10.3% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, growing by 155% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 654% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+18.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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