EU: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in the EU

The EU machine-tool for removing material market skyrocketed to $X in 2021, jumping by 27% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.8% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Production of Machine-Tools For Working Any Material By Removal Of Material in the EU

In value terms, machine-tool for removing material production declined rapidly to $X in 2021 estimated in export price. In general, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 11%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in the EU

In 2021, the amount of machine-tools for working any material by removal of material exported in the European Union skyrocketed to X units, increasing by 27% compared with the year before. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +21.9% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by 38%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, machine-tool for removing material exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) and Spain (X units) represented the largest exporters of machine-tools for working any material by removal of material in 2021, amounting to approx. 28% and 21% of total exports, respectively. Italy (X units) took the next position in the ranking, followed by the Czech Republic (X units), Germany (X units), Greece (X units), France (X units) and Poland (X units). All these countries together took near 38% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +29.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest machine-tool for removing material supplier in the European Union, comprising 46% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by the Netherlands, with a 7.8% share.

In Germany, machine-tool for removing material exports increased at an average annual rate of +1.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+2.3% per year) and the Netherlands (+20.1% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, approximately reflecting the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 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 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 Italy (+19.9%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in the EU

In 2021, supplies from abroad of machine-tools for working any material by removal of material was finally on the rise to reach X units after five years of decline. Overall, imports continue to indicate a perceptible increase. The growth pace was the most rapid in 2014 with an increase of 70%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, machine-tool for removing material imports surged to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Greece (X units), distantly followed by the Netherlands (X units), Italy (X units), France (X units), Poland (X units), Spain (X units) and Belgium (X units) were the main importers of machine-tools for working any material by removal of material, together committing 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for removing material importing markets in the European Union were Italy ($X), France ($X) and Poland ($X), with a combined 28% share of total imports. These countries were followed by the Netherlands, Belgium, Spain and Greece, which together accounted for a further 17%.

Among the main importing countries, Spain, with a CAGR of +15.3%, recorded the highest rates of growth with regard to 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

The import price in the European Union stood at $X per unit in 2021, with a decrease of -3.3% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for removing material import price increased by +109.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 27%. The level of import peaked at $X per unit in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+19.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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