Europe: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Europe

In 2021, after two years of decline, there was significant growth in the Europe metal broaching machine market, when its value increased by 24% to $X. Overall, consumption, however, enjoyed notable growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Metal Broaching Machine Production in Europe

In value terms, metal broaching machine production dropped to $X in 2021 estimated in export price. In general, production showed a pronounced contraction. The growth pace was the most rapid in 2019 when the production volume increased by 2.8% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Broaching Machine Exports

Exports in Europe

In 2021, the amount of broaching machines for working metal exported in Europe soared to X units, increasing by 33% on the year before. Overall, exports, however, recorded a precipitous curtailment. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports declined remarkably to $X in 2021. In general, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 22%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The UK represented the main exporting country with an export of about X units, which recorded 56% of total exports. It was distantly followed by Denmark (X units), Sweden (X units) and Spain (X units), together mixing up a 25% share of total exports. Italy (X units), the Netherlands (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal broaching machine exports from the UK stood at -28.0%. At the same time, Denmark (+46.5%), Sweden (+34.1%), the Czech Republic (+20.3%) and Spain (+3.4%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Europe, with a CAGR of +46.5% from 2012-2021. By contrast, the Netherlands (-4.8%) and Italy (-11.9%) illustrated a downward trend over the same period. Denmark (+12 p.p.), Sweden (+7.4 p.p.), Spain (+5.8 p.p.), Italy (+3.1 p.p.), the Czech Republic (+3.1 p.p.) and the Netherlands (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while the UK saw its share reduced by -23.9% from 2012 to 2021, respectively.

In value terms, the largest metal broaching machine supplying countries in Europe were Italy ($X), Spain ($X) and Denmark ($X), with a combined 28% share of total exports. The UK, Sweden, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 6.7%.

In terms of the main exporting countries, Sweden, with a CAGR of +19.0%, saw the highest rates of growth with regard to the value of exports, 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 Europe stood at $X per unit in 2021, waning by -42.7% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The growth pace was the most rapid in 2013 an increase of 164% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 Italy ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+15.2%), while the other leaders experienced a decline in the export price figures.

Metal Broaching Machine Imports

Imports in Europe

In 2021, approx. X units of broaching machines for working metal were imported in Europe; shrinking by -34.2% against 2020. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 189%. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports stood at $X in 2021. Over the period under review, imports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Slovakia (X units), Italy (X units), Sweden (X units), Bosnia and Herzegovina (X units), Spain (X units), Hungary (X units), Russia (X units), the UK (X units), Portugal (X units), Belarus (X units), France (X units) and Germany (X units) was the largest importer of broaching machines for working metal in Europe, creating 91% of total import.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +65.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal broaching machine importing markets in Europe were Italy ($X), Germany ($X) and Russia ($X), together accounting for 61% of total imports.

Italy, with a CAGR of +40.3%, 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 Europe amounted to $X per unit, surging by 55% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2018 an increase of 106% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+43.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform