EU: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in the EU

In 2021, the EU machine tool for metal market decreased by -5.2% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in the EU

In value terms, machine tool for metal production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in the EU

In 2021, exports of machine tools for working metal without removing metal in the European Union rose notably to X units, picking up by 8% on the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 13% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports stood at $X in 2021. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 12%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Germany (X units), Belgium (X units) and Italy (X units), together accounting for 81% of total export. The following exporters - Sweden (X units), Spain (X units), Poland (X units) and France (X units) - together made up 9.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +52.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest machine tool for metal supplier in the European Union, comprising 59% of total exports. The second position in the ranking was taken by Italy ($X), with an 18% share of total exports. It was followed by Spain, with a 3.9% share.

In Germany, machine tool for metal exports decreased by an average annual rate of -6.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (-10.7% per year) and Spain (-0.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, which is down by -6.7% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 when the export price increased by 14%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Sweden (+13.3%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in the EU

Machine tool for metal imports reduced sharply to X units in 2021, with a decrease of -15.9% compared with the previous year's figure. Overall, imports, however, enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2020 when imports increased by 46%. As a result, imports reached the peak of X units, and then contracted sharply in the following year.

In value terms, machine tool for metal imports fell to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 31%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of machine tools for working metal without removing metal, namely the Netherlands, Italy, Germany, Spain, Belgium, the Czech Republic, Poland, France, Portugal, Austria, Greece and Romania, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Italy (with a CAGR of +29.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Poland ($X) were the countries with the highest levels of imports in 2021, with a combined 30% share of total imports. These countries were followed by the Czech Republic, Portugal, Belgium, France, Spain, Austria, the Netherlands, Romania and Greece, which together accounted for a further 53%.

Greece, with a CAGR of +12.5%, saw 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 2021, the import price in the European Union amounted to $X per unit, picking up by 10% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2013 an increase of 35%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :