EU: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in the EU

The EU metal honing machine market soared to $X in 2021, with an increase of 36% against the previous year. Overall, consumption posted prominent growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Metal Honing Machine Production in the EU

In value terms, metal honing machine production rose modestly to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable contraction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Honing Machine Exports

Exports in the EU

In 2021, overseas shipments of honing or lapping machines for working metal increased by 2% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 46% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal honing machine exports fell slightly to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany represented the main exporter of honing or lapping machines for working metal in the European Union, with the volume of exports resulting at X units, which was approx. 65% of total exports in 2021. It was distantly followed by Italy (X units), constituting a 20% share of total exports. The Czech Republic (X units), Hungary (X units) and the Netherlands (X units) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal honing machine exports from Germany stood at -8.0%. At the same time, the Czech Republic (+35.2%) and the Netherlands (+25.0%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +35.2% from 2012-2021. By contrast, Italy (-7.8%) and Hungary (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Czech Republic and the Netherlands increased by +4 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 91% share of total exports. The Czech Republic and Hungary lagged somewhat behind, together comprising a further 0.3%.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +15.6%, 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

The export price in the European Union stood at $X per unit in 2021, with a decrease of -4.6% against the previous year. Over the period under review, the export price showed a slight slump. The growth pace was the most rapid in 2018 an increase of 9.7%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.3%), while the other leaders experienced a decline in the export price figures.

Metal Honing Machine Imports

Imports in the EU

After two years of decline, purchases abroad of honing or lapping machines for working metal increased by 65% to X units in 2021. Overall, imports posted prominent growth. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal honing machine imports expanded sharply to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 90%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy represented the key importing country with an import of around X units, which resulted at 50% of total imports. Belgium (X units) held the second position in the ranking, followed by Poland (X units), Hungary (X units) and France (X units). All these countries together held near 41% share of total imports. The Netherlands (X units) and Slovakia (X units) followed a long way behind the leaders.

Italy experienced a relatively flat trend pattern with regard to volume of imports of honing or lapping machines for working metal. At the same time, Belgium (+67.1%), Poland (+42.6%), Slovakia (+38.8%), Hungary (+36.5%), the Netherlands (+25.2%) and France (+8.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of +67.1% from 2012-2021. While the share of Belgium (+14 p.p.), Poland (+11 p.p.), Hungary (+9.1 p.p.), the Netherlands (+2 p.p.) and Slovakia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Italy (-36.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal honing machine importing markets in the European Union were Italy ($X), France ($X) and Poland ($X), together comprising 35% of total imports. These countries were followed by Slovakia, Hungary, Belgium and the Netherlands, which together accounted for a further 15%.

In terms of the main importing countries, Slovakia, with a CAGR of +33.8%, saw the highest growth rate of 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 2021, the import price in the European Union amounted to $X per unit, shrinking by -34.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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