EU: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in the EU

In 2022, the EU machine-tool for drilling market was finally on the rise to reach $X after two years of decline. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Machine-Tool For Drilling Production in the EU

In value terms, machine-tool for drilling production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 when the production volume increased by 14% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports in the EU

For the third consecutive year, the European Union recorded decline in overseas shipments of machine-tools for drilling, boring or milling metal, which decreased by -17.7% to X units in 2022. Over the period under review, exports recorded a mild shrinkage. The growth pace was the most rapid in 2019 when exports increased by 114% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine-tool for drilling exports dropped to $X in 2022. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X units) and Germany (X units) represented roughly 46% of total exports in 2022. Austria (X units) took the next position in the ranking, followed by Italy (X units), the Netherlands (X units), Spain (X units) and Poland (X units). All these countries together took near 34% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +43.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 77% of total exports. The Netherlands, Poland, Austria and Denmark lagged somewhat behind, together accounting for a further 11%.

Poland, with a CAGR of +2.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, picking up by 10% against the previous year. In general, the export price, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 an increase of 121% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the other leaders experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports in the EU

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported in the European Union; growing by 5.7% on 2021. In general, imports posted a pronounced increase. The pace of growth was the most pronounced in 2015 when imports increased by 32%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports reached $X in 2022. Overall, imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2018 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X units), distantly followed by Germany (X units), Denmark (X units), France (X units), the Netherlands (X units), Italy (X units) and Poland (X units) were the largest importers of machine-tools for drilling, boring or milling metal, together committing 77% of total imports. Greece (X units), Austria (X units), the Czech Republic (X units), Sweden (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +31.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for drilling importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), together comprising 50% of total imports. The Netherlands, Austria, Poland, the Czech Republic, Spain, Belgium, Sweden, Denmark and Greece lagged somewhat behind, together comprising a further 35%.

Greece, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per unit, reducing by -5.4% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2013 an increase of 43% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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