EU: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in the EU

In 2021, the EU lathe for removing metal market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Lathes For Removing Metal in the EU

In value terms, lathe for removing metal production reached $X in 2021 estimated in export price. In general, production, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports in the EU

In 2021, exports of lathes for removing metal in the European Union surged to X units, growing by 33% against 2020 figures. Overall, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of 88%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, lathe for removing metal exports surged to $X in 2021. In general, exports, however, saw a slight shrinkage. The growth pace was the most rapid in 2018 when exports increased by 20%. Over the period under review, the lafor removing metal exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Italy (X units) and Belgium (X units) were the major exporters of lathes for removing metal in the European Union, together constituting 57% of total exports. Germany (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (7.9%), Austria (7.7%) and Spain (4.9%). France (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest lathe for removing metal supplier in the European Union, comprising 38% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany totaled -3.7%. In the other countries, the average annual rates were as follows: Italy (-2.2% per year) and Belgium (-2.4% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, reducing by -12.2% against the previous year. Over the period under review, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2019 when the export price increased by 55% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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 ($X per unit), while Belgium ($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 (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lathes For Removing Metal

Imports in the EU

In 2021, lathe for removing metal imports in the European Union skyrocketed to X units, surging by 42% compared with the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.3% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X units) and Belgium (X units) represented roughly 40% of total imports in 2021. Germany (X units) took the next position in the ranking, followed by the Netherlands (X units), Italy (X units), Austria (X units) and Portugal (X units). All these countries together took approx. 39% share of total imports. Poland (X units), France (X units), the Czech Republic (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Portugal (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 49% of total imports. These countries were followed by the Netherlands, France, Poland, the Czech Republic, Spain, Austria, Portugal and Denmark, which together accounted for a further 39%.

Portugal, with a CAGR of +15.2%, saw the highest growth rate of 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 the European Union stood at $X per unit in 2021, with a decrease of -10.4% against the previous year. In general, the import price saw a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 32%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the 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 France ($X per unit), while Spain ($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 (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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