EU: Grinding Machine Market 2024

Grinding Machine Market Size in the EU

In 2021, after three years of growth, there was significant decline in the EU grinding machine market, when its value decreased by -25.2% to $X. In general, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Grinding Machine Production in the EU

In value terms, grinding machine production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20% 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.

Grinding Machine Exports

Exports in the EU

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were exported in the European Union; picking up by 15% against the year before. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, grinding machine exports soared to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +63.8% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the main exporter of machines having individual functions, for mixing, kneading, crushing or grinding in the European Union, with the volume of exports accounting for X units, which was near 46% of total exports in 2021. Italy (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Austria (11%) and Poland (4.8%). The following exporters - France (X units), Belgium (X units), the Netherlands (X units), Slovenia (X units), Sweden (X units), Denmark (X units), Finland (X units) and Spain (X units) - together made up 23% of total exports.

Exports from Germany increased at an average annual rate of +2.7% from 2012 to 2021. At the same time, Slovenia (+32.5%), Poland (+11.8%), Spain (+7.5%), Belgium (+7.1%), Austria (+6.2%), the Netherlands (+4.2%), Finland (+3.9%), Sweden (+2.6%) and Italy (+2.4%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +32.5% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Denmark (-5.1%) illustrated a downward trend over the same period. Slovenia (+2.5 p.p.), Poland (+2.4 p.p.) and Austria (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Denmark and Germany saw its share reduced by -2.9% and -3.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest grinding machine supplier in the European Union, comprising 46% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by France, with a 7.3% share.

In Germany, grinding machine exports increased at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+5.4% per year) and France (+8.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, surging by 5.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per unit), while Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the other leaders experienced more modest paces of growth.

Grinding Machine Imports

Imports in the EU

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding imported in the European Union surged to X units, with an increase of 26% compared with the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 +50.6% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding machine imports skyrocketed to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +52.7% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units), distantly followed by France (X units), Italy (X units), Poland (X units), Spain (X units), Belgium (X units), Austria (X units) and Sweden (X units) were the key importers of machines having individual functions, for mixing, kneading, crushing or grinding, together constituting 73% of total imports. The Netherlands (X units), Romania (X units), Portugal (X units), Denmark (X units) and Hungary (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 main importing countries, was attained by Spain (with a CAGR of +13.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding machine importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), together accounting for 42% of total imports. The Netherlands, Sweden, Belgium, Poland, Spain, Austria, Denmark, Portugal, Hungary and Romania lagged somewhat behind, together comprising a further 44%.

Among the main importing countries, the Netherlands, with a CAGR of +10.8%, 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, remaining stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 10%. 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :