EU: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in the EU

The EU non-numerically controlled lathe market surged to $X in 2021, jumping by 23% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Numerically Controlled Lathe Production in the EU

In value terms, non-numerically controlled lathe production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, non-numerically controlled laproduction attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Non-Numerically Controlled Lathe Exports

Exports in the EU

In 2021, the amount of non-numerically controlled horizontal lathes, for removing metal exported in the European Union surged to X units, increasing by 39% against the previous year. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 125% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, non-numerically controlled lathe exports expanded notably to $X in 2021. Overall, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2017 when exports increased by 16% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X units) and Germany (X units) represented the key exporters of non-numerically controlled horizontal lathes, for removing metal in 2021, accounting for approx. 30% and 22% of total exports, respectively. Slovakia (X units) took a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by Italy (6.6%), Austria (6.5%) and the Czech Republic (5.9%). The Netherlands (X units) and Belgium (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +36.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Bulgaria ($X) and Austria ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 55% of total exports. These countries were followed by Italy, Slovakia, the Czech Republic, the Netherlands and Belgium, which together accounted for a further 30%.

The Netherlands, with a CAGR of +17.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, which is down by -17.4% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2017 an increase of 14% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-5.7%), while the other leaders experienced a decline in the export price figures.

Non-Numerically Controlled Lathe Imports

Imports in the EU

In 2021, purchases abroad of non-numerically controlled horizontal lathes, for removing metal increased by 26% to X units, rising for the third year in a row after four years of decline. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% 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 +103.1% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, non-numerically controlled lathe imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units), distantly followed by Italy (X units), the Netherlands (X units), Spain (X units), Poland (X units), Austria (X units) and Belgium (X units) represented the major importers of non-numerically controlled horizontal lathes, for removing metal, together comprising 75% of total imports. The following importers - Portugal (X units), Hungary (X units), the Czech Republic (X units) and France (X units) - together made up 15% of total imports.

From 2012 to 2021, average annual rates of growth with regard to non-numerically controlled lathe imports into Germany stood at -4.4%. At the same time, Hungary (+33.2%), Portugal (+29.5%), Poland (+28.1%), Italy (+17.8%), Spain (+12.2%), the Netherlands (+8.1%), the Czech Republic (+3.8%), France (+3.7%) and Belgium (+2.5%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of +33.2% from 2012-2021. By contrast, Austria (-3.2%) illustrated a downward trend over the same period. While the share of Poland (+7.7 p.p.), Italy (+7.6 p.p.), Spain (+4.7 p.p.), Portugal (+3.7 p.p.), Hungary (+3.6 p.p.) and the Netherlands (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Austria (-6.4 p.p.) and Germany (-26.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported non-numerically controlled horizontal lathes, for removing metal in the European Union, comprising 24% of total imports. The second position in the ranking was taken by Portugal ($X), with a 10% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at -4.4%. In the other countries, the average annual rates were as follows: Portugal (+42.1% per year) and Italy (-0.8% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, which is down by -5.7% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Portugal ($X per unit), while Hungary ($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 (+9.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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