EU: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in the EU

The EU non-numerically controlled sharpening machine market expanded significantly to $X in 2022, surging by 6.8% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +93.5% against 2017 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in the EU

In value terms, non-numerically controlled sharpening machine production shrank sharply to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1,143% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in the EU

In 2022, shipments abroad of non-numerically controlled sharpening machines for working metal decreased by -12.7% to X units, falling for the third consecutive year after two years of growth. In general, exports, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2018 with an increase of 137% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Germany represented the largest exporter of non-numerically controlled sharpening machines for working metal in the European Union, with the volume of exports recording X units, which was approx. 40% of total exports in 2022. Spain (X units) took the second position in the ranking, followed by the Netherlands (X units), Austria (X units) and Sweden (X units). All these countries together held approx. 43% share of total exports. Italy (X units), France (X units) and Poland (X units) took a little share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of non-numerically controlled sharpening machines for working metal. At the same time, Spain (+26.4%), Poland (+16.4%), Sweden (+10.3%), Austria (+8.6%), the Netherlands (+3.7%) and France (+3.6%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +26.4% from 2012-2022. By contrast, Italy (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, Austria, Sweden and Poland increased by +12, +3.7, +2.6 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Sweden ($X) and Italy ($X) were the countries with the highest levels of exports in 2022, with a combined 49% share of total exports. Poland, Austria, the Netherlands, France and Spain lagged somewhat behind, together accounting for a further 17%.

Poland, with a CAGR of +8.3%, saw 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 more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, surging by 7.2% against the previous year. Overall, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2021 when the export price increased by 55% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in the EU

In 2022, overseas purchases of non-numerically controlled sharpening machines for working metal decreased by -7.1% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2018 with an increase of 70%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine imports reduced to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.7% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Germany (X units), Spain (X units), the Netherlands (X units), France (X units), Austria (X units), Poland (X units), the Czech Republic (X units), Italy (X units), Romania (X units), Sweden (X units), Portugal (X units) and Hungary (X units) was the largest importer of non-numerically controlled sharpening machines for working metal in the European Union, creating 88% of total import.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +13.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in the European Union, comprising 27% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Austria, with a 7.6% share.

In Germany, non-numerically controlled sharpening machine imports expanded at an average annual rate of +1.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+1.1% per year) and Austria (+1.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, reducing by -7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 36% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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