EU: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in the EU

In 2021, the EU gear cutting machine market decreased by -20.3% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Gear Cutting Machine Production in the EU

In value terms, gear cutting machine production expanded remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of 11%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Gear Cutting Machine Exports

Exports in the EU

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were exported in the European Union; increasing by 28% compared with the year before. Overall, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 61%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, gear cutting machine exports soared to $X in 2021. In general, exports, however, recorded a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy represented the major exporting country with an export of about X units, which accounted for 52% of total exports. It was distantly followed by Germany (X units), achieving a 28% share of total exports. The Netherlands (X units), Sweden (X units), Belgium (X units), Denmark (X units) and Greece (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +57.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest gear cutting machine supplier in the European Union, comprising 95% of total exports. The second position in the ranking was taken by Italy ($X), with a 2.6% share of total exports. It was followed by Belgium, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled -4.9%. In the other countries, the average annual rates were as follows: Italy (-12.5% per year) and Belgium (+50.8% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, falling by -4.8% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 an increase of 149% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while Greece ($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 (+36.2%), while the other leaders experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports in the EU

Gear cutting machine imports totaled X units in 2021, surging by 9.5% against 2020 figures. In general, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 169%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, gear cutting machine imports fell markedly to $X in 2021. Overall, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 39%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Italy was the key importing country with an import of about X units, which resulted at 61% of total imports. It was distantly followed by Austria (X units) and Ireland (X units), together achieving a 15% share of total imports. Poland (X units), Sweden (X units), France (X units), the Netherlands (X units), Greece (X units) and Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to gear cutting machine imports into Italy stood at +43.5%. At the same time, Slovakia (+69.6%), Ireland (+37.5%), Sweden (+33.5%), Greece (+23.0%), the Netherlands (+19.0%) and France (+15.6%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +69.6% from 2012-2021. Austria experienced a relatively flat trend pattern. By contrast, Poland (-5.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy, Austria, Ireland, Sweden, France, the Netherlands, Poland, Greece and Slovakia increased by +60, +8.6, +5, +3.4, +3.1, +3, +2.9, +2.9 and +2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in the European Union, comprising 25% of total imports. The second position in the ranking was held by Sweden ($X), with a 5.1% share of total imports. It was followed by Austria, with a 4.8% share.

In Italy, gear cutting machine imports decreased by an average annual rate of -1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-6.5% per year) and Austria (-3.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, waning by -29.4% against the previous year. In general, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of 316% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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