EU: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in the EU

The EU metal threading machine market expanded remarkably to $X in 2021, growing by 7.2% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Metal Threading Machine Production in the EU

In value terms, metal threading machine production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 32%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Metal Threading Machine Exports

Exports in the EU

In 2021, overseas shipments of threading or tapping machines for working metal were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 31% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal threading machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 46% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of threading or tapping machines for working metal, namely Italy, Germany and Spain, represented more than two-thirds of total export. It was distantly followed by Belgium (X units), making up a 7% share of total exports. Poland (X units), Ireland (X units), the Netherlands (X units) and Denmark (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +52.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the largest metal threading machine supplier in the European Union, comprising 38% of total exports. The second position in the ranking was held by Spain ($X), with a 17% share of total exports. It was followed by Italy, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Germany totaled -1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (-0.2% per year) and Italy (-17.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, with an increase of 1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2019 when the export price increased by 25%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+29.1%), while the other leaders experienced more modest paces of growth.

Metal Threading Machine Imports

Imports in the EU

Metal threading machine imports soared to X units in 2021, with an increase of 28% compared with the year before. Overall, imports, however, saw a noticeable contraction. The growth pace was the most rapid in 2016 with an increase of 90%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, metal threading machine imports reached $X in 2021. In general, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) and the Netherlands (X units) represented the key importers of threading or tapping machines for working metal in the European Union, together achieving 42% of total imports. Hungary (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Germany (11%), Poland (5.3%), France (5%) and Spain (5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +9.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal threading machine importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined 39% share of total imports. Poland, Spain, the Netherlands and Hungary lagged somewhat behind, together accounting for a further 20%.

Spain, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, waning by -19.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 85% against the previous year. The level of import peaked at $X per unit in 2020, and then declined markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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