EU: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in the EU

After two years of decline, the EU metal non-electric bell market increased by 47% to $X in 2021. Over the period under review, consumption enjoyed a pronounced expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Non-Electric Bell Production in the EU

In value terms, metal non-electric bell production surged to $X in 2021 estimated in export price. In general, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 135% 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.

Metal Non-Electric Bell Exports

Exports in the EU

In 2021, the amount of non-electric bells and gongs of base metal exported in the European Union expanded sharply to X tons, growing by 11% compared with 2020. Total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 +90.8% against 2013 indices. The pace of growth was the most pronounced in 2019 with an increase of 22%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, metal non-electric bell exports rose significantly to $X in 2021. Total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +103.8% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands was the largest exporting country with an export of around X tons, which resulted at 46% of total exports. Germany (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (10%). Italy (X tons), France (X tons), Poland (X tons), Spain (X tons), Austria (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal non-electric bell exports from the Netherlands stood at +14.6%. At the same time, Poland (+21.7%), Spain (+15.3%), Belgium (+11.7%), France (+3.3%), Italy (+2.0%) and Germany (+1.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +21.7% from 2012-2021. By contrast, Austria (-13.9%) and Denmark (-22.0%) illustrated a downward trend over the same period. The Netherlands (+27 p.p.), Belgium (+5 p.p.), Poland (+3 p.p.) and Spain (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Germany, Austria and Denmark saw its share reduced by -3.6%, -9.4% and -21% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 64% share of total exports. These countries were followed by Poland, Italy, France, Austria, Spain and Denmark, which together accounted for a further 30%.

Poland, with a CAGR of +39.7%, saw the highest rates of growth with regard to 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 2021, the export price in the European Union amounted to $X per ton, picking up by 2.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, 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 Austria ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+14.8%), while the other leaders experienced more modest paces of growth.

Metal Non-Electric Bell Imports

Imports in the EU

In 2021, after three years of decline, there was growth in overseas purchases of non-electric bells and gongs of base metal, when their volume increased by 2.2% to X tons. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 20%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, metal non-electric bell imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +71.9% against 2015 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 tons), distantly followed by the Netherlands (X tons), France (X tons), Belgium (X tons), Italy (X tons), Poland (X tons) and Spain (X tons) were the largest importers of non-electric bells and gongs of base metal, together constituting 78% of total imports. Ireland (X tons), Hungary (X tons), Portugal (X tons), Austria (X tons), Romania (X tons) and Bulgaria (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +13.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported non-electric bells and gongs of base metal in the European Union, comprising 30% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by France, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +6.9%. In the other countries, the average annual rates were as follows: the Netherlands (+11.6% per year) and France (+8.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, surging by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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