EU: Machinery For Packing Market 2024

Machinery For Packing Market Size in the EU

In 2022, the EU machinery for packing market decreased by -6.4% to $X, falling for the second year in a row after seven years of growth. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.0% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Production in the EU

In value terms, machinery for packing production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 29%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Machinery For Packing Exports

Exports in the EU

In 2022, approx. X units of machinery for packing or wrapping were exported in the European Union; which is down by -9.2% on the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 9% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machinery for packing exports reduced sharply to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy represented the major exporting country with an export of about X units, which amounted to 48% of total exports. Germany (X units) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (8.2%) and Spain (5.8%). France (X units), Ireland (X units) and Denmark (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machinery for packing exports from Italy stood at +1.3%. At the same time, Denmark (+5.7%), the Netherlands (+5.4%) and Spain (+1.6%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +5.7% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Ireland (-2.0%) and Germany (-2.9%) illustrated a downward trend over the same period. While the share of Italy (+4.7 p.p.) and the Netherlands (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 79% of total exports. Spain, France, Denmark and Ireland lagged somewhat behind, together comprising a further 13%.

Denmark, with a CAGR of +6.4%, recorded the highest growth rate of the value of exports, in terms of 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, with a decrease of -7.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 7.1% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, 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 ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.5%), while the other leaders experienced more modest paces of growth.

Machinery For Packing Imports

Imports in the EU

In 2022, the amount of machinery for packing or wrapping imported in the European Union reduced to X units, waning by -14.3% on the previous year. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, machinery for packing imports fell rapidly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the six major importers of machinery for packing or wrapping, namely Germany, France, Spain, the Netherlands, Italy and Poland, represented more than half of total import. Belgium (X units), the Czech Republic (X units), Romania (X units), Austria (X units), Portugal (X units), Hungary (X units) and Greece (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +9.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing importing markets in the European Union were Germany ($X), France ($X) and Poland ($X), together comprising 40% of total imports. Spain, Italy, the Netherlands, the Czech Republic, Austria, Hungary, Belgium, Romania, Portugal and Greece lagged somewhat behind, together comprising a further 46%.

Among the main importing countries, the Czech Republic, with a CAGR of +6.4%, saw 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 2022, reducing by -3.6% against the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 23% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Hungary ($X per unit), while Spain ($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 Czech Republic (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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