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

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

The EU numerically controlled sharpening machine market declined to $X in 2022, reducing by -5.9% against the previous year. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, numerically controlled sharpening machine production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 53%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in the EU

Numerically controlled sharpening machine exports declined modestly to X units in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, numerically controlled sharpening machine exports surged to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units) and Italy (X units) were the key exporters of numerically controlled sharpening machines for working metal in 2022, amounting to near 30% and 27% of total exports, respectively. It was distantly followed by Sweden (X units), France (X units) and Spain (X units), together committing a 31% share of total exports. The following exporters - Belgium (X units) and the Czech Republic (X units) - each amounted to a 6.1% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest numerically controlled sharpening machine supplier in the European Union, comprising 77% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by France, with a 3.8% share.

In Germany, numerically controlled sharpening machine exports increased at an average annual rate of +1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+2.5% per year) and France (+9.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, surging by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Belgium ($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 (+22.0%), while the other leaders experienced more modest paces of growth.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in the EU

Numerically controlled sharpening machine imports fell to X units in 2022, which is down by -10.4% against 2021 figures. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 191%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, numerically controlled sharpening machine imports rose notably to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands was the largest importer of numerically controlled sharpening machines for working metal in the European Union, with the volume of imports finishing at X units, which was approx. 44% of total imports in 2022. France (X units) took a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by Germany (9.3%), Italy (6.1%) and Austria (4.6%). Sweden (X units), the Czech Republic (X units), Slovakia (X units), Spain (X units), Belgium (X units), Portugal (X units), Poland (X units) and Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to numerically controlled sharpening machine imports into the Netherlands stood at +35.8%. At the same time, Luxembourg (+37.7%), Portugal (+25.2%), Belgium (+23.3%), Poland (+11.2%), Italy (+8.3%), Sweden (+6.2%), Spain (+5.6%), France (+5.6%), Austria (+4.7%) and Germany (+3.4%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in the European Union, with a CAGR of +37.7% from 2012-2022. By contrast, the Czech Republic (-1.6%) and Slovakia (-12.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Belgium and Portugal increased by +40, +2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest numerically controlled sharpening machine importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), with a combined 76% share of total imports. Poland, Austria, the Czech Republic, Portugal, Spain, Sweden, the Netherlands, Belgium, Slovakia and Luxembourg lagged somewhat behind, together comprising a further 16%.

Among the main importing countries, Luxembourg, with a CAGR of +94.3%, saw the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per unit, growing by 19% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the import price increased by 315% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+41.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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